Edition:
India

Kristen Haunss

SEC says closed-end funds should disclose more, managers differ on requirements

20 Jun 2019

NEW YORK, June 20 (LPC) - Firms that manage closed-end funds agree that regulatory proposals that would force managers to disclose more information to investors including factors affecting performance as well as investment strategies could be beneficial, but disagree on whether regulators should dictate what specific data is shared.

US tax change to favor companies over lenders in next downturn

13 Jun 2019

NEW YORK, June 13 (LPC) - Companies that fund their businesses with highly leveraged loans and bonds are set to benefit from changes to the US tax code that will allow them to raise cheap new financing by guaranteeing the debt with foreign assets, although the move could penalize existing lenders.

Financial crisis, Toys ‘R’ Us downfall guide Tuesday leveraged lending hearing

04 Jun 2019

NEW YORK, June 4 (LPC) - Ten years out from the financial crisis and legislators and regulators are sounding the alarm about risks in the US$1.2trn leveraged loan market, concerned that loosening lender protections and aggressive terms in the asset class could weigh on the overall US economy.

Leveraged lending risk to be discussed at Congressional hearing Tuesday

03 Jun 2019

NEW YORK, June 3 (LPC) - A Congressional committee will discuss risks in the US$1.2trn leveraged loan market at a hearing this week as loosening lender protections and aggressive terms in the asset class have drawn the ire of lawmakers and regulators.

MOVES- Deutsche Bank hires Macchia for loan sales

30 May 2019

NEW YORK, May 30 (LPC) - Deutsche Bank has hired Mike Macchia as a director in leveraged loan sales.

Sirius Computer moves to block derivatives holders from speculation

22 May 2019

NEW YORK, May 22 (LPC) - Data services provider Sirius Computer Solutions wants to stop derivatives holders from influencing business decisions to benefit their bottom line at the expense of the borrower.

UPDATE 1-Leveraged loan credit risk warrants attention, regulators testify

15 May 2019

NEW YORK, May 15 (LPC) - The US leveraged loan market is a specific credit risk that warrants attention as companies continue to layer on increasing amounts of debt, regulators told lawmakers at a Congressional hearing Wednesday.

Leveraged loan credit risk warrants attention, regulators to testify

15 May 2019

NEW YORK, May 15 (LPC) - The US leveraged loan market is a specific credit risk that warrants attention as companies continue to layer on increasing amounts of debt, regulators will tell lawmakers at a Congressional hearing Wednesday.

US loan market seeks to block CDS manipulation

13 May 2019

NEW YORK, May 13 (LPC) - US companies are trying to stop speculative investors from calling events of default on leveraged loans to get payouts under Credit Default Swap (CDS) contracts at the expense of other lenders as investor activism rises.

Regulators voice concerns over US leveraged loan risk

08 May 2019

NEW YORK, May 8 (LPC) - US regulators are monitoring how risk in the US$1.2trn leveraged loan market is evolving and its potential impact on the US economy.

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