May 13, 2019 - Last month, LSTA’s Executive Director, Lee Shaiman, submitted a column to Creditflux for publication in its monthly magazine. The column was published in the print edition and was made available online last week. We share it with you here. The column addresses the CLO-CDO comparisons that we have seen in abundance in the financial press in recent months. Shaiman argues that CLOs do not materially resemble CDOs because: (1) CLO managers, unlike their CDO counterparts, actively manage their portfolios; (2) there is much less overall leverage in the system today than there was in the pre-crisis period; and (3) banks limit their purchases of CLO tranches to those that have a long history of strong performance.

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BYLAWS of the Loan Syndications and Trading Association, Inc. Amended as of September 19, 2019

LSTA Newsletter – September 20, 2019

This week we explain the big SOFR jump, share Lee Shaiman’s and David Lerner’s Morning Consult op-ed, highlight some LIBOR […]

LSTA Meets With Rep. Andy Barr

This week LSTA members and staff met with Rep. Andy Barr (KY-06). Barr, a member of the House Financial Services […]

LIBOR Trending Too…

While the daily SOFR spike grabbed the headlines this week, other LIBOR coverage should be noted as well. First, LIBOR’s […]

SOFR Above Tuesday?

For those that missed it – which, based on our email traffic, was no one – the published overnight SOFR […]