Law360, New York (September 19, 2013, 6:27 PM EDT) -- Collateralized loan obligation ( CLO) managers and lead arrangers of syndicated loans received special attention in a proposal jointly released by six federal agencies to implement the credit risk-retention requirements of Section 941 of the Dodd-Frank Act. Whether the new proposal will have its intended effect of minimizing the financial burden on CLO managers remains to be seen.
On Aug. 28, 2013, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, U.S. Department of...
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