In response to a recent Executive Order from president Trump outlining “Core Principles” for financial regulation and seeking suggestions for streamlining financial regulation, the LSTA submitted a letter to Treasury Secretary Mnuchin. The letter outlines why the application of the Dodd-Frank risk retention provides no benefits but causes substantial harm to borrowers, investors, managers and,...
Elliot Ganz, testified at a hearing before the House of Representatives’ Financial Services Committee entitled, “The Impact of the Volcker Rule on Job Creators, Part I”....
The LSTA, SIFMA and SFIG proposes the “Qualified CLO”, whereby a CLO that meets six strict criteria can meet the risk retention requirement by retaining 5% of equity, not 5% of the notional amount of a new CLO....
