Brexit Uncertainty Could End for London’s CLO Managers With Q&A
- Clarification sought for third-country risk-retention system
- Lawyers debate ambiguous clause in new securitisation rules
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London’s CLO managers are set to get clarity from regulators about how skin-in-the-game rules will work after Brexit.
In the arcane world of securitization regulation, Brexit has thrown doubt onto whether U.K.-based managers of collateralized loan obligations can keep being “sponsors” or have to fall back on the “originator” designation meant for managers from outside the Europe Union.