The document discusses the U.S. Risk Retention Regulations and their implications for securitization transactions, specifically in the context of a refinancing transaction involving RREEF and Alpha Group Capital LLC. It outlines the responsibilities of the sponsor, the Portfolio Advisor, and the Retention Holder in maintaining a 5% credit risk retention. The document also references a court ruling that may impact the applicability of these regulations to collateral managers of CLOs.
doj/DataSet10/EFTA01386895.pdf
{"title":"US Credit Risk Retention","key_people":["Portfolio Advisor"],"document_date":"February 2018","document_type":"legal","key_locations":["U.S."],"key_organizations":["Alpha Group Capital LLC","RREEF","U.S. Court of Appeals for the District of Columbia Circuit","The Loan Syndications and Trading Association","Securities and Exchange Commission","Board of Governors of the Federal Reserve System"],"reference_numbers":["DB-SDNY-0088810","SDNY_GM_00234994","EFTA01386895"]}