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External Meetings: Meeting with LSTA/LMA
Rulemaking(s):
XXI. Joint Rules w/ SEC
CFTC Staff:
Terry Arbit
David Aron
Chris Cummings
Mark Fajfar
Julian Hammar
Stephen Kane
Somi Seong
Rose Troia
Visitor(s):
Elliot Ganz (LSTA)
Tess Felfe (LSTA)
Meredith Coffey (LSTA)
Justin Conway (LMA/Goldman Sachs)
Jen Grady (Richards Kibbe)
Yoon-Young Lee (WilmerHale)
Organization(s):
The Loan Syndications and Trading Association (LSTA)
Loan Market Association (LMA)
Goldman Sachs International (Goldman Sachs)
Richards Kibbe & Orbe (Richards Kibbe)
WilmerHale
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Participants discussed the SEC/CFTC's proposed guidance with respect to loan participations (LPs). Participants also discussed the distinctions between LPs and loan total return swaps.