May 21, 2015
“The new regulation could create a cliff effect for securitizations which do not qualify [for an exemption]. It could discourage investments in CLOs particularly by regulated investors.”
— David Quirolo comments on Bloomberg about the Basel Committee on Banking Supervision’s adoption of tougher capital regulations for securitizations. The Loan Market Association’s position is that collateralized loan obligations should be included in a list of securities that are exempt from the new capital rules.
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.