This snapshot indicates how reforms proposed under the UK Wholesale Markets Review (WMR) will be implemented and also compares proposals with EU measures.
1 NOV 2022CRE CLOs are likely to be a valuable alternative source of capital to debt fund and other alternative CRE lenders, and there are many more of these lenders around than there used to be.1 They will appeal to both types, both those who originate smaller loans using warehouse lines and those who write bigger CRE loans with back leverage, ie a repo, TRS (Total Return Swap) or loan-on-loan. In each case the CRE CLO offers a term take out option.
1 MAR 2023ESMA’s July 2023 public statement about sustainability disclosures in prospectuses attracted significant attention. Understandably so. The Statement is directed at National Competent Authorities and provides ESMA’s recommendations to follow when reviewing prospectuses, but issuers will also need to take note.
1 NOV 2023