Leveraged Lending and Collateralized Loan Obligation Markets
Leveraged loans are over $1.2 trillion dollars and collateralized loan obligations represent over 50% of all asset-backed securities. The fact that over 80% of leveraged loans are covenant-lite has attracted great interest from regulators, rating agencies, and legislators in Washington. This course covers the mechanics and risks of these products.
Who should attend:
Risk managers, auditors, compliance officers, lenders, and regulators.
At the end of this course, attendees should be able to:
Define and identify the mechanics of leveraged loans
Discuss covenants typical in lending
Evaluate bank regulatory guidance on leveraged lending and how it is applied
Describe the mechanics of collateralized loan obligations
Debate advantages and risks to leveraged lending and CLO markets
Identify relevant bank and financial regulators in leveraged lending and CLO markets
Compare and contrast the growing role of non-banks in leveraged lending and CLO markets