A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald...
LSTA Submits Risk Retention Letter to Treasury
April 10, 2017 - In response to an Executive Order issued by President Trump in February, on April 7, 2017, the LSTA submitted an important letter to Secretary of the Treasury Steven Mnuchin suggesting the elimination or modification of the risk retention rules as applied to CLO managers The Executive Order on Core Principles for Regulating the United States Financial System (“EO”) has two substantive sections, the first of which enumerates “core principles” by which the administration will be guided in regulating the U.S. financial system. Most relevant to the loan market is a provision to “make regulation efficient, effective, and appropriately tailored.” The EO directs the Secretary of the Treasury to consult with the heads…
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The Federal Reserve is raising interest rates. What impact will this have on your wallet? Learn what rising interest rates mean to you and what to do.