|Apr 7, 2017|
Risk Retention Letter to Treasury
In response to a recent Executive Order from president Trump outlining “Core Principles” for financial regulation and seeking suggestions for streamlining financial regulation, the LSTA submitted a letter to Treasury Secretary Mnuchin. The letter outlines why the application of the Dodd-Frank risk retention provides no benefits but causes substantial harm to borrowers, investors, managers and, ultimately consumers, by restricting the flow of capital to American companies. The LSTA identifies three avenues to reform and proposes that the SEC, as the agency that regulates the vast majority of managers, has the ability to exercise its authority to waive the risk retention rules for CLO managers.
|Aug 18, 2016|
LSTA Incentive Compensation Letter
On Thursday August 18, 2016, the Loan Syndications and Trading Association (LSTA) submitted a comment letter to the OCC, Federal Reserve, FDIC, FHFA, NCUA and SEC in response to their notice of proposed rulemaking on Incentive-Based Compensation Arrangements.
|Jul 20, 2016|
2016 LSTA STS Securitization Comment Letter
On Tuesday, July 20, 2016, the Loan Syndications and Trading Association (LSTA) submitted a comment letter to European Parliament’s ECON Rapporteur Paul Tang in response to proposed amendments to “Simple, Transparent and Standardised (STS)” Securitizations.
|Jan 13, 2016|
LSTA Open End Mutual Fund Liquidity Risk Comment Letter
On Wednesday, January 13, 2016, the Loan Syndications and Trading Association (LSTA) submitted a comment letter to the SEC in response to the proposed rule on Open-End Fund Liquidity Risk Management Programs.
|Jan 14, 2015|
LSTA Comment Letter Explains Why CLOs Are High Quality Securitizations
The LSTA submitted a comment letter to the EBA arguing that CLOs performed well in the crisis, that they have none of the characteristics identified as likely to create difficulties during periods of turmoil, and explaining that Qualified CLOs align with the principles of simple, standard and transparent securitizations.