Proposed CLO rules prompt concerns

Regulators are striving to require firms that arrange or manage collateralized loan obligations to keep some of the risk of the loans on their books. Investors, corporations and asset managers say the new rules will hinder the market for company loans. "The public hasn't largely heard of CLOs, but they're an important part of the economy overall and the single-largest lender to corporations beside banks," said Josh Terry of Highland Capital Management.

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