NEW YORK, April 17 (LPC) - A new regulatory proposal would
force managers of closed-end funds to disclose more information
including factors affecting performance as well as investment
strategies, a requirement previously reserved for other types of
NEW YORK, March 29 (LPC) - Banks are cutting Collateralized
Loan Obligation (CLO) issuance forecasts after spreads on the
most senior tranches of the funds hit a more than two-year high,
challenging the creation of new deals.
NEW YORK, March 26 (LPC) - Macquarie’s head of corporate
credit trading Bill Dobson is retiring. His last day is Friday.
NEW YORK, March 26 (LPC) - Bouts of volatility in the
US$1.2trn leveraged loan market has given lenders clout to push
for heightened credit protections, including quarterly
discussions with borrowers, which were eliminated as demand for
loans soared in recent years.
NEW YORK, March 15 (LPC) - The US leveraged loan market is
unlikely to see a renewed regulatory crackdown despite mounting
criticism of the asset class, as political gridlock in a divided
Congress would hold up reform attempts.
NEW YORK, March 11 (LPC) - The opioid crisis came to the
loan market last week, as the potential fallout from lawsuits
weighed on manufacturers of the drugs cited as a root cause of
NEW YORK (LPC/IFR) - Former Federal Reserve (Fed) Chair Janet Yellen warned on Tuesday that America's corporate debt binge could end up sparking a deeper recession when the next downturn hits.
NEW YORK, Feb 22 (LPC) - Regulators are increasingly
sounding the alarm about risk held by leveraged loan buyers
outside the banking system as years of low interest rates have
pushed non-bank lenders toward higher-yielding assets.
NEW YORK, Feb 20 (LPC) - Participants in the US$585bn US
Collateralized Loan Obligation (CLO) market say a transition to
a new benchmark should happen sooner than later as the phase-out
of a rate used to set payments on trillions of investments is
just two years away.
NEW YORK, Feb 19 (LPC) - Sandie O’Connor, JP Morgan’s chief
regulatory affairs officer, is set to retire April 1.