Syndicated Scoop for February 2018: CLOs Freed From Risk Retention, CEE Loan Pipe Heats Up, and More
23 February 2018
Syndicated Scoop is Intralinks’ monthly newsletter featuring a recap of the month’s top stories and insightful commentary related to the commercial and syndicated lending industry.
Court rules to exempt CLOs from Dodd-Frank risk-retention rules
Early in February, a US court sided with the Loan Syndication and Trading Association (LSTA) and ruled that CLOs are exempt from Risk Retention, the Dodd-Frank financial reform legislation that forces firms to hold a portion of their fund’s risk. Thomson Reuters reports that opponents of the legislation argue that small manager might not have enough capital to comply, which could cut lending to the neediest borrows. Read more
LSTA publishes white paper on Blockchain and Distributed Ledger Technology
The LSTA has released the first part of its three-part white paper on Blockchain and DLT. Part 1 covers Blockchain 101, including why financial institutions have concerns about using public networks, as well as, an overview of Bitcoin, R3 Corda, and Hyperledger Fabric. Read more
CEE loan pipeline heats up with PFXs
GlobalCapital reports that deal flow in Central and Eastern Europe (CEE) is rising due to more pre-export finance facilities (PFX) from Russia and other event-driven transactions in the rest of the region. Siberian Coal Energy Company (Seuk) is one of the many borrowers expected to sign a loan for a PFX in the coming weeks, according to GlobalCapital. Read more
Hope you liked this month’s edition. If you have a comment or tip, or would like to learn more about Intralinks solutions for the full loan lifecycle, feel free to shoot me an email at firstname.lastname@example.org
To see last month’s edition of Syndicated Scoop click here.
Kylie Horner is an Associate in Strategy and Product Marketing at Intralinks. She is part of the team responsible for determining go-to-market strategies for the debt capital markets and alternative investment businesses. Prior to joining Intralinks, Kylie worked in marketing and communications at ACTIV Financial, a financial information technology firm. She graduated from the University of Colorado at Boulder with a degree in Journalism, and a specialization in global media.