Rajib Chanda Quoted in BoardIQ on Changes in Lines of Credit Offered to Mutual Funds
01.26.16
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Corporate Partner Rajib Chanda was quoted in a BoardIQ article concerning recent changes in banks’ willingness to offer lines of credit to mutual funds. The article, “Credit Lines Hard to Come By as Bank Rules Tighten,” suggests fewer banks are offering lines of credit to mutual funds since last September, when the Securities and Exchange Commission proposed a new rule and amendments that would influence how funds manage risk, and those banks that continue to do so are offering “smaller lines at higher prices than previously.” Rajib commented on fund board involvement with lines of credit, as well as alternative means by which funds may maintain credit lines despite new challenges.