Market participants in the collateralized loan obligation transaction (CLO) asset class have spent the better part of this year adapting to the Dodd-Frank mandated risk retention rules that became effective in December 2016. In an article entitled “CLO Market Forges Path to Risk Retention Compliance,” published by Law360, Milbank partner Deborah Festa provides insight into best practices for dealing with the resulting compliance challenges.
Ms. Festa, who is a partner in the firm’s Alternative Investments Practice Group and leader of the firm’s West Coast securitization and investment management practices, has extensive experience representing sponsors, collateral managers, arrangers and investors in securitization and other structured finance transactions, with a particular emphasis on the CLO asset class.
Please click here to read the full Law360 article.
