Risk retention relief for CLOs

Pic© Marta Crowe

Category: CLOs Regulation


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The US Court of Appeals for the DC Circuit last week reversed a lower court decision and ruled in favour of the LSTA in its lawsuit against the SEC and the US Fed, concluding that open-market CLO managers are not subject to risk retention rules. The outcome is expected to benefit smaller CLO managers, as well as boost the supply of refinancings and resets.

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