The growth of the High Yield (HY) market in the leveraged finance arena has, save for a few short term downturns, continued unabated since the onset of the financial crisis.
The financial crisis and the continued...more
While some of us are old enough to remember the heady days of straight forward senior/mezzanine deals (sometimes with a PIK thrown in for good measure), it is clear that in the current market you can no longer predict what...more
A legislative package to open up the EU audit services market beyond the dominant "Big Four" and to remedy weaknesses revealed by the financial crisis has been approved by the European Parliament and adopted by the Council of...more
Increased confidence and appetite for risk developed in 2013 and has continued at pace into Q1 2014. 2013 brought us the highest annual new-issue loan volume in five years. This translated to an impressive year-on-year...more
The Commodity Futures Trading Commission (the “CFTC”) has issued a rule jointly with the Securities Exchange Commission further defining the term “swap” and “security-based swaps”. In that rule, CFTC has taken the view that...more