Don’t Drive ‘Train’ Through Risk Retention, DC Circ. Told
Law360, Washington (October 10, 2017, 7:26 PM EDT) -- The U.S. Securities and Exchange Commission and the board of governors of the Federal Reserve System on Tuesday urged a D.C. Circuit panel in oral arguments not to drive a “freight train” through requirements that investment firms retain an interest in debt securities they issue.
The Loan Syndications and Trading Association is challenging the Dodd-Frank Wall Street Reform and Consumer Protection Act’s so-called risk retention rule and its application to managers of open market collateralized loan obligations. The group argues that managers of collateralized loan obligations, or CLOs — securitizations backed by major loans used by big companies with heavy debt...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!