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Key Issues & Topics

Syndicated Loan Market Advocacy & Regulatory

The LSTA advocates on behalf of the loan market, and focuses on critical matters (regulations under Dodd-Frank, Leveraged Lending Guidance, FATCA and Bankruptcy reform) that could dramatically affect the loan market and the broader economy.

FATCA

Displaying 1-5 of 8 results.
DateTitle/DescriptionFiles
Mar 24, 2014

LSTA Letter Requesting Changes to the Definition of Limited Life Debt Investment Entity

LSTA submitted a letter to the IRS and Treasury requesting changes to the definition of “limited life debt investment entity” in the temporary regulations implementing FATCA issued by the IRS in February 2014.

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Feb 20, 2014

Risk Retention and CLO Overview: Two Steps Forward, One Step Back

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Sep 6, 2013

LSTA Submits Letter to IRS and Treasury on FATCA Compliance by CLOs

LSTA submitted a letter to the IRS and Treasury supporting the letter submitted by ISDA on August 28, 2013 as it pertains to FATCA’s reporting requirements for CLOs.

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Apr 17, 2013

LSTA/SIFMA Joint Letter Re Proposed Definition of “Limited Life Debt Investment Entity” in FATCA

LSTA and SIFMA jointly submitted a letter to the IRS and Treasury requesting technical corrections to their definition of “Limited Life Debt Investment Entity” in the FATCA proposal.

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Apr 30, 2012

LSTA Issues Fourth Comment Letter on FATCA

The LSTA submitted its fourth comment letter in response of the IRS’s proposed regulations implementing FATCA released on February 8, 2012.

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Leveraged Lending Guidance

Displaying 1-5 of 7 results.
DateTitle/DescriptionFiles
Jun 13, 2014

Leveraged Lending Guidance and SNC

Regulators are working on the first SNC reviews following the full implementation of the Leveraged Lending Guidance (LLG).  Recent press stories ask whether LLG are impacting loan terms – and whether the SNC exams will affect behavior.

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May 16, 2014

Leveraged Lending: Recovery and Warning Shots

Since 2013, the OCC has been vocal in its advocacy of the Leveraged Lending Guidance. In recent months, the Federal Reserve has become vocal as well.

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Feb 20, 2014

Overview

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Apr 11, 2013

LSTA and ABA ask OCC, FDIC and Federal Reserve for 12 months to implement Leveraged Lending Guidance

LSTA and ABA ask OCC, FDIC and Federal Reserve for 12 months to implement Leveraged Lending Guidance.

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Mar 21, 2013

The LSTA Appreciates Bank Agencies’ Decision to Refine Leveraged Lending Guidance in Key Areas: Remains Concerned About ‘One Size Fits All’ Approach

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Risk Retention

Displaying 1-5 of 12 results.
DateTitle/DescriptionFiles
Jun 25, 2014

LSTA Submits Letter to U.S. Regulators that Highlights Parallels Between “Qualifying Securitizations” and Qualified CLOs

The Loan Syndications and Trading Association (LSTA) submitted a letter to U.S. regulators that highlights “qualifying securitizations” in light of the implementation of risk retention for collateralized loan obligations (CLOs) under Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

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May 26, 2014

Meredith Coffey Testifies Dodd-Frank Act’s Impact on Asset-Backed Securities

Testimony of LSTA EVP Meredith Coffey on the Volcker Rule and Risk Retention before the House Financial Services Subcommittee on Capital Markets.

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Feb 20, 2014

Risk Retention and CLO Overview: Two Steps Forward, One Step Back

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Jan 10, 2014

LSTA Files Comment Letter on Dodd Frank's Risk Retention Requirement.

The LSTA, SIFMA and SFIG proposes the “Qualified CLO”, whereby a CLO that meets six strict criteria can meet the risk retention requirement by retaining 5% of equity, not 5% of the notional amount of a new CLO.

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Nov 18, 2013

LSTA Releases Oliver Wyman Study That Urges Caution on Regulations on Collateralized Loan Obligations

Oliver Wyman Study on Risk Retention and CLOs: This study estimates the probable impact of risk retention on CLOs, and the subsequent reduction in availability of credit and increased cost of credit for non-Investment grade U.S. borrowers.

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Volcker Rule

Displaying 1-5 of 11 results.
DateTitle/DescriptionFiles
Jun 13, 2014

Volcker Rule Implementation Guidance

The OCC published its Volcker Rule Interim Examination Procedures recently, which are structured to help examiners determine whether banks have business activities subject to Volcker – and if banks are implementing plans to comply.

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Jun 13, 2014

“Volckerizing” Legacy CLOs

Banks are working with the trade associations to develop a draft template to facilitate amendments to remove bond baskets from legacy CLOs, thus “Volckerizing” them.

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Apr 7, 2014

LSTA Responds to Fed Announcement of Treatment of CLOs Under Volcker Rule

Reaction to the announcement by the Federal Reserve Board that it will issue a two-year extension of the conformance period under the Volcker Rule for debt securities issued by collateralized loan obligations (CLOs).

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Feb 26, 2014

Complete Testimony of Meredith Coffey, LSTA EVP, Research & Analysis

Meredith Coffey Testified at a hearing of the House Financial Services Committee on Dodd-Frank Act’s Impact on Asset-Backed Securities.  

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Feb 20, 2014

Overview

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