Dechert On Reg
Challenging economic conditions combined with heightened scrutiny require greater sophistication when it comes to anticipating the impact of regulatory developments on the asset management industry.
Dechert On Reg is a global podcast series that explores the ever-changing landscape of financial regulations and the key issues shaping the future of asset management. In each episode, we speak with Dechert colleagues and other industry experts about the most pressing issues in financial regulation.
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Dechert On Reg
Rated Funds Developments
In the second episode of Dechert On Reg, host Angelo Lercara and Dechert partner Lindsay Trapp discuss developments from the U.S. National Association of Insurance Commissioners' (NAIC) 2023 Summer Meeting. The episode explores expanded definitions for "principles-based bonds" and “residual tranches" and their impact on rated feeder funds and collateralized fund obligations (CFOs), as well as proposed amendments to the NAIC's Securities Valuation Office (SVO)’s discretion over NAIC Designations assigned through the filing exemption process.