New York - Participants and panelists at the seventh annual conference of the Loan Syndications and Trading Association (LSTA) in New York last week were proud to say that their asset class has survived prolonged market volatility far better than any other.

The floating rate nature and senior secured status of bank loans has served them well in these troubled times. Still, with more volatility and market uncertainty on the horizon for the foreseeable future, those attributes alone won't be sufficient to keep risk at bay and protect the loan market from the dramatic downturns experienced by its peer markets, namely equities and high yield bonds.

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