FMLC has written to the Commission warning about uncertainty around the application to collateralised loan obligations (CLO) of CRD2 risk retention requirements. The risk retention requirements apply to the “originator”, “sponsor” or “original lender” in a securitisation, but in the case of CLOs it may happen that no party falls under any of these definitions. FMLC asks for confirmation of the EBA Guidelines to article 122a CRD. (Source: FMLC Letter to Commission on Risk Retention Rules)