Patrick Dolan

May 26, 2022 | New York Law Journal

According to the SEC, the proposed amendments are intended to better inform investors about a registrant's risk management, strategy and governance related to cybersecurity and to provide timely notification to investors of material cybersecurity incidents.

By Patrick Dolan

6 minute read

April 06, 2022 | New York Law Journal

The Proposed Rules, which number 341 pages, are intended to provide investors in private funds with increased transparency regarding expenses and performance, but would affect CLO securitizations by imposing new disclosure requirements and expenses on collateral managers for CLOs.

By Patrick Dolan

4 minute read

February 23, 2022 | New York Law Journal

It may be time for the U.S. Congress to revisit adopting covered bond legislation in the United States since covered bonds would be a nice additional financing source for U.S. banks particularly smaller or regional banks that do not have the same access to the securitization market that the larger U.S. banks have.

By Patrick Dolan

10 minute read

February 03, 2022 | New York Law Journal

Rule 15c2-11 was recently amended by the Securities and Exchange Commission to provide for additional disclosure by broker-dealers to potential investors and the staff of the SEC has made it clear that it views Rule 15c2-11 as applying to both equity and fixed income securities. The SEC's most recent no-action letter regarding Rule 15c2-11 raises a few potential issues for the securitization market.

By Patrick Dolan

6 minute read

January 06, 2022 | New York Law Journal

The U.S. Senate did not pass its version of legacy USD LIBOR contract legislation at the end of 2021 and this raises the possibility that passage of this important legislation may end up being caught up in election year delays during 2022.

By Patrick Dolan

7 minute read

July 27, 2021 | New York Law Journal

By now, firms should have reviewed all existing LIBOR exposures, assessing whether the contracts provide for fallback rates, determining what changes need to be made and deciding on the process by which to amend them (such as assessing whether counterparties need to approve an amendment).

By Patrick Dolan

4 minute read

June 23, 2021 | New York Law Journal

The C-PACE loan of $89 million on an existing building in the Wall Street area will be used to make the building more energy efficient.

By Patrick Dolan

6 minute read