Agencies’ Letter Highlights Efforts to Find Solution for CLOs under Volcker Rule
In a letter sent to House Financial Services Committee Chairman Jeb Hensarling, federal regulatory agencies highlighted the work being done by SFIG, the Loan Syndication Trade Association, American Bankers Association, Financial Services Roundtable, and Securities Industry and Financial Markets Association to find a solution for the treatment of collateralized loan obligations (CLOs) under the Volcker Rule.

Earlier this month, the Federal Reserve Board indicated that it intended to grant two additional one-year extensions of the conformance period for CLOs under section 619 of the Volcker Rule. Pursuant to those extensions, banking entities have two additional years to conform to the statute for CLOs in place as of December 31, 2013 that do not qualify for the loan securitization exemption.
wagers
Terms and Conditions | Privacy Policy