A carve-out that shielded billions of dollars in collateralized loan obligations from Dodd-Frank's risk-retention mandate could work against banks and other CLO managers if Dodd-Frank is overhauled.
The risks associated with a megabank collapse still pose huge problems for the industry, despite assurances from the head of the nation’s largest bank.
The company appointed a representative of Stilwell Group to its board. Stilwell, meanwhile, agreed to back Delanco's board nominees and refrain from pushing for the company's sale.
The move is noteworthy because Delatinne had led customer engagement for Swift’s global payments innovation initiative, with which Ripple’s cross-border payment system competes.
