Edition:
United Kingdom

Kristen Haunss

Loan risk rises outside banking system – regulators

22 Feb 2019

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.

CLO market weighs in on Libor fallback plan for securitizations

20 Feb 2019

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.

MOVES-JPM’s Chief Regulatory Affairs Officer O’Connor to retire

19 Feb 2019

NEW YORK, Feb 19 (LPC) - Sandie O’Connor, JP Morgan’s chief regulatory affairs officer, is set to retire April 1.

Shorter CLO reinvestment periods gain favor

01 Feb 2019

NEW YORK, Feb 1 (LPC) - Some Collateralized Loan Obligation (CLO) managers are choosing to issue funds with shorter terms in order to counter rising spreads.

CLOs warn investors Japanese retention proposal could affect liquidity

01 Feb 2019

NEW YORK, Feb 1 (LPC) - Collateralized Loan Obligation (CLO) managers are warning investors that a new Japanese regulatory proposal may limit their ability to sell their debt holdings at a later date.

Loan market asks Japanese regulator to exempt CLOs from proposed rules

30 Jan 2019

NEW YORK, Jan 30 (LPC) - The US$1trn US leveraged loan market has asked Japanese regulators to consider exempting Collateralized Loan Obligation (CLO) investments from proposed risk-retention rules, concerned the requirement could temper new issuance.

CLO spreads widen as managers price first deals of the year

25 Jan 2019

NEW YORK, Jan 25 (LPC) - US Collateralized Loan Obligation (CLO) spreads are at the widest level in about two years as the first funds of 2019 priced this week.

US middle market investors look to senior direct lending funds

25 Jan 2019

NEW YORK, Jan 25 (LPC) - Middle market direct lending funds focusing on senior US leveraged loans are seeing a pickup in demand as investors seek protection in less risky debt in the late stages of the credit cycle, market participants said.

New Japanese regulatory proposal could hit US CLOs

18 Jan 2019

NEW YORK, Jan 18 (LPC) - A new regulatory proposal could curb Japanese investment in US Collateralized Loan Obligation (CLO) funds. Reduced appetite from these major buyers could push CLO pricing higher and hamper issuance after a record US$128bn of US volume in 2018.

MOVES-MUFG hires McLallen for sponsor coverage group

14 Jan 2019

Jan 14 MUFG has hired Scott McLallen as a managing director for its private equity sponsor coverage group.

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