"Material Non-Public Information in the Secondary Loan Market after Dodd-Frank" by Jon Kibbe and Michael Mann published in the LSTA 2011 Loan Market Chronicle

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April 13, 2011

"Material Non-Public Information in the Secondary Loan Market after Dodd-Frank," authored by Richards Kibbe & Orbe LLP partners Jon Kibbe and Michael Mann was published in the LSTA 2011 Loan Market Chronicle. In the article, Mr. Kibbe and Mr. Mann (i) describe the current legal framework governing pre-trade information disclosure between counterparties in the U.S. secondary loan market, and (ii) report on changes introduced by the Dodd-Frank legislation that will affect trading in this market in the future. The article highlights the tension between the slowly evolving, common-law based rules governing loan trading and the rapidly changing regulatory environment governing transactions in the markets for securities, swaps and other complex financial instruments.

Click here to read "Material Non-Public Information in the Secondary Loan Market after Dodd-Frank."