Comment by: Anonymous. Posted 11 years ago [2012-10-18 15:41:00]

if anything, IB structuring the deal should be on the hook, best if structuring fees get integrated into the waterfall (and not on top of the waterfall like the X-classes) to align the interest.

Comment by: Anonymous. Posted 11 years ago [2012-10-18 11:33:22]

Given the example of risk retention rules in Europe, and how they don't really work for CLOs, I'd suggest US managers print as many deals as possible before the rules take effect. You'd think regulators would understand the problems with risk retention rules and CLOs and modify (or remove) the rules to something that makes sense. However judging by the EU example, I wouldn't bet on it...