ESMA publishes study on the exposure of the EU fund industry to CLOs


Date: 18 December 2019

Following a significant pickup in the issuance of leveraged loans and collateralised loan obligations (CLOs) in the US and EU, supervisors expressed concerns about the potential risk to investors.

On 24 September 2019, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, in a study included in the latest Trends, Risks and Vulnerabilities (TRV) report, looked at the exposure of investment funds to this market.