Increasing Litigation Risks for Bank Loan Market Participants.

The article focuses on the increasing litigation risks for participants in the bank loan market posed by the determination that bank loan assets are securities. It notes that the risks are intensified by substantial disparities among participants in their access to and use of material, non-public information about issuers. It advises participants to pay attention to the potential risks related to the use of non-public information when trading in bank loan assets. It cites that risks can be reduced by evaluating the materiality of such information.