Opening remarks

scheduleApril 21st, 2026, 09.00 BST

2026: The Most Complicated Start to a Year in Memory

Lisa Lee describes the extraordinary complexity of the first months of 2026, marked by geopolitical shocks including the US-Israel-Iran war, the closure of the Strait of Hormuz, renewed inflation fears, and a Federal Reserve pause on rate cuts. She also addresses AI-driven disruption in software firms that hit leveraged loans hard — yet notes the CLO market has continued to rally with strong issuance and tightening spreads.

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