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CLO mezzanine investors are paid high spreads precisely because impairments are a possibility -
Market's bellwether forges ahead as pipeline builds
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If it looks like a covered bond, acts like a covered bond and prices like a covered bond, then it probably should be treated like one
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A package of reforms including fairer prudential treatment is the way to get the best out of securitization
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Investors and techniques are ready for development banks to scale up securitization rapidly
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Risks in exchange-traded funds holding CLOs are real, but there could be scope to relax the rules
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Hope remains that equity notes will return, despite the lack of a public sale
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The fears of the covered bond market reflect a lack of conviction in the superiority of the product
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Opinion: Amid investment boom, S&P stoically maintains its position
