Europe proposes to switch burden of risk retention compliance to managers
European CLO originators, sponsors and original lenders will be required to ensure that their deals are compliant with risk retention rules in future, under the terms of a leaked regulatory proposal from the European Commission

EBA sets out framework for "qualifying securitisations" at public hearing
European asset-backed securities could be set for regulatory capital relief in the coming months after the European Banking Authority outlined its approach to so-called “qualifying securitisations” on Friday.

Rules have put corporate bonds out of retail buyers' reach, says body
New European rules have put most corporate bonds out of the reach of retail investors, according to research by Boerse Stuttgart

Conference hears there are no easy answers to CLO risk retention
A panel on CLO risk retention at the ABS Vegas conference looked at solutions using a horizontal strip held by a majority-owned affiliate, but came up with no definite answer.

Volcker tweak could save all existing CLOs – if the bill passes
The US House of Representatives yesterday passed a bill which could exempt many existing CLOs from the Volcker rule if it becomes law

Regulators plan to unveil US risk retention rules next week
After a number of years in the pipeline, regulators are finally set to make a formal announcement on what US risk retention rules will look like. 

Reg cap changes could boost insurer demand for structured products
New proposals on US insurance company regulatory capital could significantly boost demand for triple A and double A structured finance bonds, says Morgan Stanley

SEC spares CLOs from further regulation
CLO managers and arrangers breathed a sigh of relief yesterday after the Securities & Exchange Commission approved a new rule for the securitisation market, which seemingly spared CLOs from further regulation.

3iDM lays claim to the first Volcker-compliant European CLO
3i Debt Management has announced that it has closed its latest European CLO, which 3iDM claims is the first Volcker-compliant CLO in Europe

Esma launches CDS central clearing consultation
European Securities and Markets Authority begins consultation on central clearing for over-the-counter derivatives 

Fed grants bank CLO holders Volcker extension
The CLO market was given a reprieve of sorts yesterday after the Fed granted a two year extention to the Volcker rule - but that does not solve the problem according to the LSTA

Health care companies join lobby against ill-treatment of CLOs
The CLO industry is getting used to lobbying regulators for leniency and late last week US corporates put their names forward as a gesture of support

SEC investigates electronic credit trading platforms, says Bloomberg
Regulators look into different prices being offered to different clients 

New Alcentra European CLO is 3a-7 compliant, says Weil
Alcentra's Jubilee CLO 2014-XI, the first European CLO to price this year, was structured as a 3a-7 compliant deal, according to Weil