Basel Committee considers capital charges on CCP default fund exposures
Name concentration correction
Credit default swaps on Irish debt continued to rise after the approval of €85 billion in EU aid.
Corporate bonds new safe haven – L&G
The price you pay
Discussions are already under way behind closed doors, knock-on effects for bank capital could be substantial
CDS spreads on peripheral eurozone debt widen despite €90 billion in aid
Panellists discussing the finer points of credit valuation adjustment (CVA) at the Asia Risk Congress 2010 said despite all the current talk about CVA in the region, it may prove to be less relevant for Asian institutions compared with their international...
Legally segregated/operationally commingled approach to margin segregation attracts praise from buy- and sell-side.
Trustees relieved as settlement looks imminent
With banks cutting leverage, increasing capital and changing their funding models, they offer good value for credit investors.
High thresholds would reduce credit and funding benefits of two-way CSAs for banks, DSTA head says
Model risk comes from overuse of credit measures, as well as poorly constructed models, conference hears
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Insurance sector's hunger for high yields, rather than banks' thirst for short-term funding, driving liquidity trade
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
Profile: Alessandro Canta
Basel Committee’s Peter Praet acknowledges disagreement; Charles Goodhart warns lack of consensus will stop central banks acting to stem financial imbalances
Counterparty credit risk in portfolio risk management
The value of hedge books was hugely volatile during the crisis, forcing loan portfolio managers to think carefully about whether to monetise their gains. Those who chose not to saw windfall profits wiped out in a matter of weeks – but there’s still...
Clinging to collateral
Corporates to drive EM growth but watch financial market development, say Credit Institute panellists
Panellists in the Credit Institute forum on ‘Sovereign or Corporate, Global or Local’ said that corporates will drive credit growth in emerging markets, but investors cannot afford to ignore financial market development or to forgo due diligence.
Domestic banks in Singapore are starting to set up CVA desks at the behest of their regulator, but elsewhere in Asia there are significant obstacles to CVA
Chief strategist at CreditSights Louise Purtle warns that global deleveraging makes double-dip recession more likely than inflation.