On June 25, 2020, five federal regulatory agencies (the “Agencies”) released a final rule (the “Modified Rule”) modifying and clarifying the Volcker Rule’s prohibition on banking entities investing in or sponsoring covered funds. Although the significance of these changes will only become apparent with time as the market digests the new flexibility they offer, this alert summarizes a few preliminary take-aways for CLO industry participants.
Click here to read the full client alert: Agencies Ease Volcker Rule Restrictions for CLOs.
