October in CLOs: Issuers plough ahead despite risk retention confusion

US and European regulators decided to tweak risk retention rules for the Nth time last month, but market participants kept calm and carried on

The CLO market kept up its breathless pace last month, taking global new issuance volumes past the $100bn mark. The US market had its second busiest month of the year for new issuance, as $12.8bn in new deals were launched. Year-to-date, $95.1bn of new US CLOs have been created, putting