CLOs

摘要

The Loan Syndications and Trading Association (LSTA) will testify on Collateralized Loan Obligations (CLOs) on February 24 at a hearing hosted by the capital markets subcommittee of the House Financial Services Committee. At the hearing on Dodd-Frank and Basel HI, Meredith Coffey, the executive vice president of research at the New York-based trade group, will testify on the so-called qualified CLO option, which would allow managers to hold 5% of the riskiest slice of the fund, the equity tranche, as opposed to 5% of the deal as required under the Dodd-Frank risk-retention rule.