TALF 2020 and CLOs: Progress in the Right Direction, but Has Enough Changed?

J. Paul Forrester, Joanna Nicholas, Keith Oberkfell, Arthur Rublin, Ryan Suda, Sagi Tamir
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On May 12, 2020, the Federal Reserve Bank of New York (the “New York Fed”) announced the issuance of updated Terms and Conditions1 and a Frequently Asked Questions document (the “FAQs”)2 regarding the 2020 Term Asset-Backed Securities Loan Facility (“TALF 2020”).

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