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LSTA Newsletter: April 12, 2019

This week we cover Petsmart (Ruff!); Mnuchin & Loans; FYI on KYC; March Secondary; LIBOR Anniversary & ABA Recap

Mnuchin & Loans: The Real Hearing Excitement

Like many others, we watched Treasury Secretary Mnuchin’s testimony before the House Financial Services Committee with great interest. Unlike most, we were less fascinated with “Gavelgate”, than we were with a discussion on leveraged lending and CLOs.

Financial Regulation Reform: Treasury or the House, Take Your Choice?

Recently, two important financial regulatory reform efforts were launched, each of which was large in scope and could have important ramifications for the loan market and beyond.  As reported by the Wall Street Journal, on June 7th, the House of Representatives passed the CHOICE Act, a sweeping bill that would repeal much of the 2010 Dodd-Frank Act. 

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