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LSTA Newsletter: June 14, 2019

This week we cover Secondary Market Report; SEC’s Reg Best Interest; LIBOR Accounting Issues; Report on LIBOR Panel

SEC: Its in Your Best Interest

As reported by the WSJ, the SEC last week voted to approve a series of sweeping new rules, Regulation Best Interest (“RBI”), “designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers”. Why do we care?

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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.

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