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....
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)....
Elliot Ganz, testified at a hearing before the House of Representatives’ Financial Services Committee entitled, “The Impact of the Volcker Rule on Job Creators, Part I”....
LSTA submitted a letter to the Financial Stability Oversight Council not to extend the Volcker Rule’s prohibitions on proprietary trading to commercial loans....
