Investment Management and Private Funds Roundtable: TALF 2020 and PPP Update
The Return of TALF Fund Opportunities Via COVID-19 Relief
The Federal Reserve took additional actions on April 9 to provide up to $2.3 trillion in loans to support the US economy during the coronavirus (COVID-19) pandemic. This LawFlash covers the new and expanded programs, and...more
Your team at ML Strategies continues to monitor federal and state legislative and regulatory responses to the public health and economic crisis. Each week, ML Strategies will provide updates from Massachusetts and Washington,...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
The new facility will address the credit needs of consumers and businesses affected by COVID-19 with facilitated issuance of asset-backed securities. The Federal Reserve will make available up to $100 billion of...more
Further economic measures provide support for small and mid-sized businesses, as well as state and local economies facing pandemic hardships. The Federal Reserve, in its continuing efforts to safeguard financial markets,...more
Section 13(3) of the Federal Reserve Act authorizes the Federal Reserve Board (FRB) in “unusual and exigent circumstances” to establish programs or facilities with “broad-based eligibility” that allow a Federal Reserve Bank...more
On April 9, 2020, the U.S. Treasury and Federal Reserve Board announced new and expanded lending programs providing up to $2.3 trillion in loans to further support the economy during the coronavirus crisis. ...more
On Thursday, April 9th, the Department of Treasury finalized plans to provide several layers of credit in response to the ongoing COVID-19 market disruptions. ...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
On April 9, 2020, the Federal Reserve issued a press release announcing that it would be seeking to undertake additional actions to provide up to $2.3 trillion in loans to support the economy. ...more