Danish manager: Europe won't copy US relaxation of CLO rules
A US court ruling which effectively eased the rules around CLO issuance is set to stimulate the domestic market for the debt instruments, according to research from Morgen Stanley, Citigroup and Deutsche Bank. But the rules in Europe are unlikely to go down the same route, one Nordic CLO manager says.
The recent ruling from a District of Columbia court of appeals releasing asset managers issuing Collateralized Loan Obligations (CLOs) from a costly obligation will not have a negative effect on European CLO issuers, according to the CEO of Danish-based asset manager Accunia.
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