Top Five Ways Removing the Risk Retention Requirement Will Impact Open-Market Collateralized Loan Obligation (CLO) Valuation
April 17, 2018
New risk retention rules went into effect on December 24, 2016 for commercial-mortgage bonds, asset-backed securities and similar products that were designed to prevent lenders from making risky loans, packaging them into bonds and selling them to investors who would incur losses if securities defaulted.