This week we cover Petsmart (Ruff!); Mnuchin & Loans; FYI on KYC; March Secondary; LIBOR Anniversary & ABA Recap
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.
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.
The LSTA submitted a comment letter to Treasury Secretary Mnuchin on the issue of ownership interests on May 26, 2017
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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.