Brexit: What Does It Mean For CLOs?
Among the countless questions arising in the wake of the recent vote in the UK to leave the European Union (“Brexit”) one that could have major implications on the global loan market is “what is in store for European CLOs”? Please join us on Thursday, June 30th at 11 a.m. Eastern time, when the LSTA will host a webinar featuring David Quirolo, a partner in Cadwalader’s London office, who will attempt to answer that daunting question. Among the topics he will cover: How will UK collateral managers be regulated within the EU and how will that impact their ability to hold risk retention? How will the new proposed securitization regulations (the “STS Regulation”) change that? Will UK investors be able to invest in EU securitizations? What is the timing for these changes? Does anything change now? Are there any interim solutions? Does Brexit impact US collateral managers?