LMA tells central banks to unshackle CLOs

By Tom Porter
10 Jul 2014

The Loan Market Association has called on the European Central Bank and Bank of England to consider the regulation of collateralised loan obligations in isolation, saying that encouraging more CLO managers into the market is vital for loan market liquidity and European corporate financing.

The LMA was responding to the central banks’ joint paper from June, which set out their vision for a better functioning securitization market to help unlock bank funding for small businesses.

“Whilst it is encouraging to see the Central Banks considering the benefits of the securitization market in Europe,” ...

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