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It’s good to talk — But DOJ probe draws CLO industry ire

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It’s good to talk — But DOJ probe draws CLO industry ire

Sayed Kadiri's avatar
Tanvi Gupta's avatar
  1. Sayed Kadiri
  2. +Tanvi Gupta
•5 min read

When does open communication cross over to become collusion? That’s the question being asked this week after a Bloomberg report on Sunday (20 July) claimed the US Justice Department is investigating some CLO investors over the Libor to SOFR transition.

CLO market participants 9fin spoke with are generally nonplussed over the matter, but said there is confusion over precisely what wrongdoing took place and whether the investigation is still live. Some are also indignant a collusion allegation has been levelled against CLO investors.

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