Leveraged Loans: As CLO Market Digests Risk Retention, Lawyers Eye 'Holy Grail'

October 30, 2014

“The rules are clear, there are many ways to the top of the mountain. But in the preamble the regulators are saying we want you to take this way.”

- Joseph Beach, commenting in Forbes about structuring retention-compliant structures that comply with not only with the letter but also the spirit of the recently finalized risk retention rules for ABS transactions, including CMBS transactions, under Dodd-Frank.