CDOs

News

Crestline Investors, Denali Capital, Partner for CLOs

Crestline Investors, an alternative investment manager, has partnered with Denali Capital, a specialist in broadly syndicated commercial loans, to expand a collateralized loan obligation platform.

Moody's: Rising Rates Will Reduce Excess Spread for CLOs

Rising interest rates could reduce an important form of credit enhancement for U.S. collateralized loan obligations, potential putting them at risk for downgrades in their credit ratings, according to Moody’s Investors Service.

What Risk Retention Means for CMBS, Autos, CLOs

Risky mortgage lending may have triggered the financial crisis, but final risk retention rules go much easier on mortgages than securitizations of other kinds of assets.

Regulators Unveil Final Risk Retention Rule

The Federal Deposit Insurance Corp. approved a final rule at its morning meeting that will require lenders to retain at least a 5% stake in loans they securitize unless they meet the definition of "qualified residential mortgages."

Four Key Questions about Risk Retention Rules

Regulators are finally ready to unveil a final risk retention rule, but whether the new regulation provides enough certainty to jump start the mortgage securitization market is an open question.

More

Articles

CLO Triple-As Still Calling the Shots

The limited number of buyers able to write big tickets allows them players to dictate terms.

No Exception to Risk Retention for CLOs

Risk-retention rules could thin the ranks of CLO managers; the industry was hoping for a workaround, but what it got is pretty much unworkable.

Risk Retention Rules May Shrink U.S. CLO Market

The U.S. market for collateralized loan obligations would shrink by 75% if proposed risk-retention rules are implemented, according to the Loan Syndication and Trading Association.

People on the Move

DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser

CLO Managers Grapple with S&P Recovery Test

A shift in the leveraged loan market has intensified grumbling among CLO managers about the way Standard & Poor’s rates the senior tranches of these deals.

More

SFN People Database

Exclusive data on top players in capital markets

Scott McNulla

Vice President of Regulatory Compliance

Firm: Clayton Holdings

In the news: How Ability-to-Repay Rules Could Reshape RMBS Market

Search the People Database

Current Issue

Unsolicited Ratings Encouraged More in Theory than in Practice

Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data and possibly colored by spite?

Current Issue