Lsta posted LSTA Submits Risk Retention Letter to Treasury Lsta Midtown - New York:

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…

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