Jun 25, 2019
Cadwalader advised Nearwater Capital on a novel commercial-paper conduit. Called Columbia Funding, the conduit will start selling securities with P-1/A-1 ratings from Moody’s and S&P in July.
Nearwater Capital is a specialty finance company that is focused on providing asset-based financing solutions. The NY-based firm’s business is segmented into two core business lines: risk retention solutions and liquid markets.
The Cadwalader team included Financial Services Group co-chairs Richard Schetman and Scott Cammarn and Financial Services partner Jed Miller, special counsel Nihal Patel and Michael Sholem, and associates James McDonnell and Danielle Wheeler; Capital Markets special counsel Assia Damianova; and Tax partner Jason Schwartz.
The Bank of England has initiated a review of its own exposure to LIBOR,
Scott Cammarn, Jonathan Watkins, Mark Chorazak, Aaron Lang
On 7 June 2019, Regulation (EU) 2019/876 (CRR II) was published in the Official Journal of the EU.