The market is already asking CLO managers what they are going to do, (They are) not waiting for two years from now when risk retention takes hold. Paul Forrester More Quotes by Paul Forrester More Quotes From Paul Forrester These are large and significant problems with real costs, there has been no clear regulatory response - and we are running out of rope. Paul Forrester company-news There have been a number of notorious bond squeezes when there have been a lot of CDS outstanding and fewer deliverable bonds, it can drive up the price of the scarce bonds if more CDS settle physically, and in such a situation CDS buyers could get smaller payouts than they might otherwise have expected. Paul Forrester company-news
