The European CLO market may be headed in an uncertain direction as regulators and participants map out how they would accommodate UK collateral managers in a post-Brexit European Union.

International corporate law firm Cadwalader, Wickersham & Taft issued a client update this week warning that the UK’s vote to depart from the EU could result in a host of problems for London-based asset managers if the separation from the EU comes to fruition (a process that may take up to years).

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