January 18, 2017 - At its Annual Meeting in New York today, members of the Loan Syndications and Trading Association elected four new board members to its 24-member Board of Directors. Brian Callahan of Bank of America Merrill Lynch was elected as the Association’s Chair.
January 3, 2017 - The loan market saw a rocky start in 2016, with secondary prices tumbling and primary spreads jumping in the first two months. But by the end of 2016, first quarter turmoil was a distant memory.
December 22, 2016 - The District Court for the District of Columbia issued a ruling denying the LSTA’s claims against the SEC and the Federal Reserve in connection with their ruling on risk retention. The LSTA is currently weighing all its options, including appealing the decision to the DC Circuit Court of Appeals.
December 22, 2016, New York, NY – In observance of New Year’s Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, January 2, 2017 as loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.
December 21, 2016 - LSTA is pleased to report that a case in which we filed an amicus brief, Stonehill v. Bank of the West, the Court of Appeals of New York, the state’s highest court, ruled unanimously in favor of Stonehill, the party we supported.