CLO Risk Retention Timeline • D od d- Fr an k pa ss es , J ul 2 01 0 • LS TA te st ifi es b ef or e Co ng re ss , A pr il 20 11 • Fi rs t N PR , A pr il 20 11 • LS...
366 Madison Avenue, 15 th Floor, New York, NY 10017 Tel: 212.880.3000 Fax. 212.880.3040 www.lsta.org. Open-Market CLO Managers Credit Risk Retention Decision – Next Steps Many members have asked the LSTA about the timing and process of any potential government appeal of the U.S. Court of Appeals’ risk retention ruling. We have asked Sidley Austin,...
United States Court of Appeals FOR THE DISTRICT OF COLUMBIA CIRCUIT Argued October 10, 2017 Decided February 9, 2018 No. 17-5004 THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, APPELLANT v. SECURITIES AND EXCHANGE COMMISSION AND BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, APPELLEES Appeal from the United States District Court for the District of Columbia...
ORAL ARGUMENT NOT YET SCHEDULED No. 17-5004 IN THE UNITED STATES COURT OF APPEALS FOR THE DISTRICT OF COLUMBIA CIRCUIT THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, Appellant, v. UNITED STATES SECURITIES AND EXCHANGE COMMISSION; BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Appellees. On Appeal from the United States District Court for the District of...
The LSTA took the first step in the most recent (and final) stage of this litigation saga by submitting its opening brief to the DC Circuit Court of Appeals on April 19, 2017...
ORAL ARGUMENT NOT YET SCHEDULED No. 17-5004 IN THE UNITED STATES COURT OF APPEALS FOR THE DISTRICT OF COLUMBIA CIRCUIT THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, Appellant, v. UNITED STATES SECURITIES AND EXCHANGE COMMISSION; BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Appellees. On Appeal from the United States District Court for the District of...
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,...
