On February 9, 2018, the US Court of Appeals for the DC Circuit, in the Loan Syndications and Trading Association’s (LSTA) lawsuit against the SEC and the Federal Reserve Board, held that managers of open market collateralized loan obligations (CLOs) are not subject to the credit risk retention rules under the Dodd-Frank Act.
Please join Mayer Brown partners Paul Forrester, Julie Gillespie and Carol Hitselberger as they discuss the recent decision in the LSTA lawsuit, along with implications for CLOs and possibly for other asset-backed securities (ABS).
For additional information, please contact GFMI@mayerbrown.com.
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.
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February 162018
CLO Managers Not Required to Hold Risk Retention — What Does It Mean for Other ABS?
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