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
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To see last month’s edition of Syndicated Scoop click here.