The form of agreed-upon procedures report provides additional clarity regarding certain TALF-required CLO report requirements.
On September 1, 2020, the Federal Reserve released a form of agreed-upon procedures report...more
In anticipation of LIBOR discontinuation, key US and UK regulators signal a shift toward examining transition progress.
After an initial phase of applying mostly verbal pressure, UK and US regulators are now taking a more...more
In anticipation of LIBOR discontinuation, the SEC will begin examining transition progress.
Nearly a year after the US Securities and Exchange Commission’s (SEC’s) release of a Staff Statement on LIBOR Transition, the...more
Updated FAQs and documentation provide additional information regarding the TALF program’s operations and dates for the first loans.
On May 20, 2020, the Federal Reserve announced the TALF program’s first subscription date...more
Updates and FAQs further expand the scope of the program and provide additional clarity regarding eligibility criteria and program requirements.
On May 12, 2020, the Federal Reserve released an updated term sheet and FAQs,...more
Certain commercial mortgaged-backed securities and collateralized loan obligations are now eligible.
On April 9, 2020, the Federal Reserve announced it is taking additional actions to support further credit flow to...more
The new Term Asset-Backed Securities Loan Facility will support consumer and business access to credit through securitization.
On March 23, 2020, in response to the financial uncertainty created by the COVID-19 pandemic,...more
The global shift away from LIBOR presents a complex, time-sensitive, multifaceted set of challenges and tasks for the investment management industry.
In a statement published on July 12, 2019, the US Securities and...more
Annual report generally confirms EU risk retention rules but fails to provide guidance regarding originator special purpose entities -
On 22 December 2014, the European Banking Authority (EBA) issued its report on...more
Contrary to many industry comments the new rules will require managers of open-market CLOS to retain risk.
On October 21, 2014, six US federal regulators (the Agencies) began voting to adopt final rules implementing...more
Although the legislative process is now complete, the process of structuring CLO transactions to comply with the EU risk retention rules has just begun.
The EU’s risk retention framework will come into effect next...more