Committees & Working Groups

LSTA committees and working groups are designed to give you input into the issues that most affect you and your organization. A collaborative process that helps create consensus and alignment across the industry, your participation here will also give you greater transparency into how LSTA works for you.

Committees typically meet on an ongoing basis to focus on different market practices, roles and recurring needs.

Working groups are often ad hoc, allowing you to focus on a specific, timely issue, and may require only a few meetings to reach consensus.

Click on any of the committees or groups listed alphabetically below for more information.


Committees | Working groups | LSTA board-only committees

LSTA committees

Accounting Committee

Engaging in standard-setting for corporate loan accounting practices
LSTA lead: 

Buy-side Operations Committee

Discussing operational issues and initiatives
LSTA lead: 

CLO Committee

Discussing best practices and market issues for CLO participants
LSTA lead: 

Custodian / Trustee / Fund Administrator Operations Committee

Advocating for best practices and building consensus across providers to ensure standardization
LSTA lead: 

Government Relations Committee

Managing LSTA’s advocacy initiatives
LSTA lead: 

Litigation Committee

Vetting proposals for, and review of, amicus briefs
LSTA lead: 

Mark-to-Market (MTM) Pricing Committee

Ensuring accuracy in mark-to-market pricing
LSTA lead: 

Open-end Loan Fund Committee

Addressing best practices and market issues for open-end/retail funds investing in loans
LSTA lead: 

Operations Steering Group (OSG) Committee

Identifying, accessing and standardizing servicing and settlement initiatives
LSTA lead: 

Primary Market Committee

Managing current legal issues in the primary market
LSTA lead: 

Private Credit Markets Committee (PCMC)

Executing proposed PCSAC strategy and initiatives
LSTA lead: 

Private Credit Operations Subcommittee

Developing best practices and standards for operational accuracy and efficiency in private credit
LSTA lead: 

Product and Technology Committee

Collaborating to implement new ops & tech initiatives
LSTA lead: 

Settlement Committee

Determining, articulating and recommending ops, doc and tech changes to improve settlement
LSTA lead: 

Sustainability Committee

Participating in sustainability initiatives
LSTA lead: 

Trade Practices and Forms Committee

Addressing the trading and settlement of par and distressed loans
LSTA lead: 

LSTA working groups

California License Working Group

Advocating for change to the CA Finance Law, which requires lending licenses for nonbanks
LSTA lead: 

CEI/MEI Working Group

Formulating best practices for CEIs and MEIs from application to maintenance
LSTA lead: 

Corporate Actions Working Group

Working to set standards that streamline operational processes for corporate restructurings
LSTA lead: 

CUSIP Working Group

Developing policies to apply for and incorporate CUSIPs into loan deals/systems
LSTA lead: 

Custody Working Group

Engaging with the SEC on applying the Custody Rule to loan assets
LSTA lead: 

Equity Trade Settlements Working Group

Collaborating to address challenges when equity is issued in loan restructurings
LSTA lead: 

Latin American Initiative Working Group

Developing legal documents for originating and trading cross-border loans
LSTA lead: 

Leveraged Lending Guidance Working Group

Discussing issues related to leveraged lending guidance
LSTA lead: 

Private Credit Valuations Working Group

Collaborating to Identify and Address Private Corporate Credit Valuation Practices.
LSTA lead: 

LSTA board-only committees

Board Nominating Committee

Proposing current and future nominees for LSTA executive vacancies
LSTA lead: 

Executive Committee (Board-only)

Overseeing/approving LSTA business and operating actions
LSTA lead: 

Liquidity Committee (Board-only)

Evaluating liquidity and recommending changes to trade settlement procedures
LSTA lead: 

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