Regulation & Legal

US Supreme Court puts final stake in syndicated loan litigation

High court refuses request to classify loans as securities, lets a circuit court victory stand for JPMorgan and other banks.

ELTIF 2.0 rules offer fresh momentum

Despite some remaining complexity and uncertainty, ELTIF 2.0 appears to offer non-professional investors a much easier way into alternative investments than its 1.0 predecessor, says Linklaters Luxembourg’s Silke Bernard.

‘Anti-fragile’ private debt can keep the regulators happy

Amid chatter about the potential systemic risk that private debt may pose, the Alternative Credit Council’s Jiri Krol admits the asset class has a data problem but sees little for the policymakers to fear.

Are regulators barking up the wrong tree?

Leverage may be overestimated as a hidden danger within private debt, but the asset class creates its own issues due to a lack of data.

Competing views on private credit’s risk to the financial system

Global financial institutions differ in their assessment of systemic risk, says Alex Di Santo of Crestbridge.

Creditor-on-creditor violence erupts again in Robertshaw lenders lawsuit

A group led by Guardian Life sues Robertshaw and the creditors who benefited from an ‘uptier’ in their payment priority position.

A new dawn for Italian law security

With a new and modernised approach to legal rights, Italy may be set to give greater encouragement to direct lenders interested in participating in the market.

CLO market stalls on fear of default spike

The path ahead for 2024 looks murky, but some managers foresee a revival in volume.

The clouds hanging over the asset class

Some have labelled this a ‘golden age’ for private debt, but fund managers would do well to avoid complacency. Here are five threats to those in the industry.