New rules will modify regulatory capital requirements for securitisation positions and unify risk retention practices.
By year end, the European Commission (the EC) is expected to publish two new EU regulations in the...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