The LSTA submitted comments on the set of good practices for leveraged lending and CLOs (“proposed practices”), which IOSCO is proposing in its Consultation Report.
Broadly syndicated loans to non-investment grade U.S. Corporations are widely misunderstood outside of the loan industry. A number of commentators imply that leveraged loans are shadowy corporate equivalents to pre-crisis sub-prime mortgages. This is clearly not true and, to respond to such conflations, the LSTA recently published this white paper addressing these views....
366 MADISON AVENUE NEW YORK, NY 10017 The LSTA Appreciates Bank Agencies’ Decision to Refine Leveraged Lending Guidance in Key Areas; Remains Concerned About ‘One Size Fits All’ Approach New York, NY – The Loan Syndications and Trading Association today ex- pressed appreciation for the decision by federal banking regulators, including the FDIC, Federal Reserve...
At the request of the banking agencies, the LSTA and ABA submit an additional comment letter explaining why fallen angels should not be included in the leveraged lending guidance....
