CLO Market Gets Some Relief on Risk-Retention as SEC Will Allow Older Deals to Refi Without Retention
July 31, 2015
The Securities and Exchange Commission recently loosened risk-retention requirements somewhat for collateralized loan obligations, giving in to requests from industry participants. Risk-retention requirements for non-residential securitized products, including CLOs, take effect Dec, 24, 2016. Federal regulators issued a final rule for risk-retention requirements in October 2014 and CLO industry participants have been working since then to try and get regulators to address issues created by the final rule. In mid-July, Crescent Capital Group wrote...
It will be the 11th issuance of its type by loanDepot.
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