Impending rules requiring CLO managers to retain a portion of the credit risk in their deals is widely cited as a reason for the drop in new issuance this year. Investors are said to be reluctant to put money to work with a manager without assurances that the has a strategy in place to comply with the rules.

Yet data on the number of managers ready to comply with so-called risk retention rules is scarce.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.