On 18 January 2018, the Alternative Credit Council (ACC) wrote to US Congressman Andy Barr to highlight current trends in the CLO market and the impact of the risk retention requirements on CLO managers. Congressman Barr recently introduced the Expanding Proven Financing for American Employers Act that would introduce more proportionate risk retention requirements for CLO managers that meet specific criteria. The ACC also proposed amendments to ensure that the Expanding Proven Financing for American Employers Act supports the flow of finance to the real economy.

If you have any questions about this letter, please contact Nicholas Smith.