The NAIC’s recently formed Risk-Based Capital (RBC) Model Governance Task Force is requesting comments on its proposed preliminary RBC principles and questions by July 24th.
Following on two consultation reports published last November, the International Association of Securities Commissions (IOSCO) recently published its Final Report on revisions to its 2018 Recommendations for Liquidity Risk Management (LRM) for Collective Investment Schemes (CIS) (“Revised Recommendations”).
The BDC Quarterly Wrap highlights select data points to provide a readout on BDC growth, structure, financing and asset quality. For context, the data includes BDCs that reported financials by May 21st, or 166 of the 167 funds in the BDC universe. Market. In 1Q25, Business Development Companies’ (BDCs) assets under management (AUM) jumped 38%...
Analysis & Data, LSTA publications on the private corporate credit market
The Federal Reserve recently published its April 2025 Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices. Responses were received from 70 domestic banks and 19 U.S. branches and agencies of foreign banks. The survey covers commercial and industrial (C&I), consumer and real estate loans, but we will focus on the C&I results as...
The Fed’s April 2025 Financial Stability Report (FSR) is light on references to leveraged lending, but what it does say about the asset class is benign. This is notable given that the report reflects market conditions and data as of April 11th, over a week into the market’s Liberation Day-induced volatility. We provide some takeaways...
The BDC Quarterly Wrap highlights select data points to provide a readout on BDC growth, structure, financing and asset quality. For context, growth data includes the entire BDC universe, which consists of 161 funds; all other data captures BDCs reporting financials by March 20th, representing a universe of 128 funds (representing 96% of assets). Market....
Analysis & Data, LSTA publications on the private corporate credit market
