United States

Kristen Haunss

SEC proposal pushes managers to disclose more information

Apr 17 2019

NEW YORK, April 17 (LPC) - A new regulatory proposal would force managers of closed-end funds to disclose more information including factors affecting performance as well as investment strategies, a requirement previously reserved for other types of investments.

Banks cut CLO forecasts as spreads hit two-year high

Mar 29 2019

NEW YORK, March 29 (LPC) - Banks are cutting Collateralized Loan Obligation (CLO) issuance forecasts after spreads on the most senior tranches of the funds hit a more than two-year high, challenging the creation of new deals.

MOVES-Macquarie’s head of corporate credit trading Dobson to retire

Mar 26 2019

NEW YORK, March 26 (LPC) - Macquarie’s head of corporate credit trading Bill Dobson is retiring. His last day is Friday.

Companies reinstate ‘investor calls’ as market volatility strips clout from borrowers

Mar 26 2019

NEW YORK, March 26 (LPC) - Bouts of volatility in the US$1.2trn leveraged loan market has given lenders clout to push for heightened credit protections, including quarterly discussions with borrowers, which were eliminated as demand for loans soared in recent years.

Regulatory crackdown unlikely in US leveraged loan market

Mar 15 2019

NEW YORK, March 15 (LPC) - The US leveraged loan market is unlikely to see a renewed regulatory crackdown despite mounting criticism of the asset class, as political gridlock in a divided Congress would hold up reform attempts.

Opioid litigation concerns weigh on pharmaceutical loan borrowers

Mar 11 2019

NEW YORK, March 11 (LPC) - The opioid crisis came to the loan market last week, as the potential fallout from lawsuits weighed on manufacturers of the drugs cited as a root cause of the epidemic.

Yellen warns of corporate distress, economic fallout

Feb 27 2019

NEW YORK (LPC/IFR) - Former Federal Reserve (Fed) Chair Janet Yellen warned on Tuesday that America's corporate debt binge could end up sparking a deeper recession when the next downturn hits.

Loan risk rises outside banking system – regulators

Feb 22 2019

NEW YORK, Feb 22 (LPC) - Regulators are increasingly sounding the alarm about risk held by leveraged loan buyers outside the banking system as years of low interest rates have pushed non-bank lenders toward higher-yielding assets.

CLO market weighs in on Libor fallback plan for securitizations

Feb 20 2019

NEW YORK, Feb 20 (LPC) - Participants in the US$585bn US Collateralized Loan Obligation (CLO) market say a transition to a new benchmark should happen sooner than later as the phase-out of a rate used to set payments on trillions of investments is just two years away.

MOVES-JPM’s Chief Regulatory Affairs Officer O’Connor to retire

Feb 19 2019

NEW YORK, Feb 19 (LPC) - Sandie O’Connor, JP Morgan’s chief regulatory affairs officer, is set to retire April 1.

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