Indian summer for CDS?
The new rules are "another instance of the authorities blaming the wrong people and imposing the wrong policies", says Cass's Ian Marsh
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month
This webinar looks at the current state of enterprise stress testing and unveils findings of a new study on Enterprise-level Stress Testing (one of several research papers in Chartis' The Risk Enabled Enterprise ® research program)
More Credit derivatives articles
The decision by Moody’s to downgrade Lloyds and RBS fails to spark surge in CDS spreads, while other European banks finish more or less unchanged on the week despite continuing woes in the eurozone
Traders say decision by Moody’s was already priced in as major French banks escape CDS blow out
French banks see further spread widening, before disclosure by Société Générale on its eurozone sovereign exposure prompts a turnaround for that bank
CDS spreads on SocGen continue to rise - with no obvious driving force - while share prices of the three major French banks fall
Markets turn against French banks in general - and SG in particular - on a day short on solid news and long on rumours
Credit spreads on core eurozone countries climb on market jitters
Downgrade triggers spread widening across the eurozone, including 10% leaps for France and Germany
Draft text would allow uncovered CDS but sketches out new reporting regime that could spook hedge funds
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.