CLO market wins risk retention debate

By Graham Bippart
30 Sep 2015

European CLO issuers are off the regulatory hook following a reworking of the language defining simple, transparent and standardised (STS) securitizations.

The European Commission’s proposal for a regulatory framework for STS securitizations rewords the provision dealing with risk retention, making it clear that the “originator retention” approach taken by many CLO issuers will still be allowed.  

In previous drafts of the framework, the EC had said that organisations that ...

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