Revised rules replace laborious consent-then-confirm novation process
Morgan Stanley is said to have acquired the bulk of an €8.6 billion portfolio of complex credit derivatives from Natixis last month.
This three-part series looks at the various factors that firms across the ecosystem of global FX markets - from the buy-side, the sell-side, and the supporting community of technology vendors and service providers - should consider in order to, not just survive, but to thrive in this dynamic and ever-changing environment.
More Credit derivatives articles
In 2008 and 2009, the calibration of the standard Gaussian copula model for collateralised debt obligations has frequently broken down. To overcome that problem, Martin Krekel has embedded the model...
The world is watching nervously as sovereign debt is rocked by fiscal and economic crises in the eurozone.
Shorting shares and bonds could be restricted or even banned under new EC proposals, but naked credit default swaps are safe for now.
Credit fund veteran Mark Okada says Bafin restrictions on short selling have increased market volatility
European Parliament committee calls for a smaller derivatives market, citing "distorting" effect.
Wider sovereign debt insurance costs follow Spanish ratings downgrade and falling equity prices
Tensions on the Korean peninsula mean CDS prices are likely to stay high for some time, analysts say
Fall in cost of insuring eurozone sovereign debt follows a volatile week
Goldman Sachs fraud allegations show portfolio managers credit selection interests are often not aligned with benefiting CDO note-holders, say lawyers.
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.