While U.S. CLO managers are working to adapt to the 5% risk retention requirement, European CLO managers breathed a sigh of relief when it became clear that their own risk retention levels would remain at 5% and not climb higher (at least for now). Below, we discuss the details.
Many loan market participants might be surprised to discover that syndicated loans could raise antitrust and competition law issues, both at the syndication stage and during restructuring. Yet, recent regulatory scrutiny in Europe and litigation in the United States suggests that it would be wise to be very mindful of these concerns.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.