April 28, 2021 - written by Philip Black. Peter Phelan, former Deputy Assistant Secretary for Capital Markets at the Treasury Department, joined Business Loans Radio this week to discuss his work at Treasury on leveraged loans and systemic risk. He discussed why loans and CLOs were a target in the first place, his team’s analysis and conclusions, the differences between systemic risk and macroeconomic risk, and much more. Toward the end, Phelan talked about what the early days of the pandemic were like at Treasury.
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