Regulators announce they'll allow banks to keep certain CDOs; banks avoid losses and CDO market avoids mass selloff. CLOs remain off-limits.
By Jesse Hamilton and Cheyenne Hopkins, Bloomberg|January 14, 2014 at 02:28 PM
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U.S. regulators will grant banks an exemption from Volcker Rule limits for collateralized debt obligations (CDOs) composed mostly of small-bank securities, according to a statement from regulators today.