Bankers’ favourite Barr calls for support on qualified CLO legislation

Andy Barr speech
By Will Caiger-Smith
21 Apr 2015

Republican Congressman Andy Barr called for the support of the CLO market for new qualified CLO legislation, on Tuesday, to counter the “larger threat” of risk retention rules.

Barr, who enjoys widespread support among the banking community, fought hard to gain bipartisan support last year for a Volcker relief bill. The bill would protect banks holding CLOs issued before the Volcker Rule was released in December 2013 from being forced to sell their ...

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