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Lawmakers weigh impact of risk retention, Volcker Rule on CLOs
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Banking, Financial Stability, Investor Protections, Risk Retention, Securitization, Volcker Rule
Monday, March 3, 2014
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Dodd-Frank’s Volcker Rule and credit risk retention provisions could impair the ability of many companies to obtain the financing they need to operate and grow their businesses, according to industry representatives who testified during a recent U.S. House subcommittee hearing. Republicans and Democrats acknowledged the need to address the regulatory treatment of collateralized loan obligations, which serve as a major source of funding for hundreds of companies that employ millions of workers. However, they disagreed over the actions needed to ensure that market participants can continue to use CLOs in a manner that will promote U.S. financial stability. Read on for the details.
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