CLOs as an Asset Class During the GFC
In Ian's final video on CLOs, he takes elements discussed in his previous two videos and explains how these factors played out during the financial crisis.
Overview
In the summer of 2007, liquidity, credit and market risk posed a significant threat to the CLO market. CLOs held up relatively well during the crisis, however, the losses that did occur, were caused almost entirely by investors not having access to term funding.
Key learning objectives:
Identify how CLOs performed, and the impact this had on various counterparties
Discuss the role of rating agencies during this time
Explain the overall impact liquidity had on the CLO market
Summary
Expert
Ian Robinson
Ian started work in the securitisation market in the late 1990’s after finishing his PhD in Law. He split his time in the market between structuring transactions and investing in them. Ian now works as a consultant, advising Financial Institutions and Government bodies on all aspects of structuring, trading and the structured credit markets.
