CLOs

Virtual Currency's New Frontier: Cryptocollateral

09/30/19

States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done.

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Red flags worrying lawmakers 11 years after financial crisis

09/25/19

Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.

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'The risk isn't in the banks': Fed's Powell on leveraged lending

06/19/19

Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.

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System can withstand threat posed by leveraged lending: Powell

05/20/19

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.

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Can New York state ease benchmark switch for legacy Libor contracts?

04/21/19

An industry working group might seek legislation to eliminate the need for investor consent in the shift to a new benchmark interest rate. But any legislative fix is almost certain to be challenged because choosing an alternative to Libor will inevitably favor one party in a transaction over another.

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Citi plans machine takeover of call centers; Shareholders bail on two foreign banks

02/19/19

CEO Corbat says “thousands” of call center jobs may be lost; Barclays shareholder sells all stock in the bank and Deutsche’s biggest slashes its stake.

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Fed seeks market data from banks; Regulators encourage new technology

12/04/18

The Fed wants more information on Treasury and mortgage-backed securities; will overlook compliance failures resulting from pilot programs.

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Fed warns over leveraged lending as banks chase riskier deals

10/24/18

The Federal Reserve is getting more concerned about risks from the leveraged loan market, with a key official saying it's now taking a "closer look" at whether banks are chasing deals without adequately protecting themselves against losses.

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Banks might not have long to cheer for reg relief

05/21/18

While reform legislation for banks is just around the corner, market signals suggest the economy could be headed toward another downturn.

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Dear Congress: Don’t repeat Dodd-Frank’s mistakes

05/10/18

A federal appeals court overturned part of the 2010 law’s risk retention rule earlier this year. The legal battle highlights mistakes to be avoided during the next reform fight.

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