The cost of insuring against an Irish government default rose today as Fitch lowered its Ireland rating to BBB+
Market analysis: Correlation and default
CDSs on Ireland, Portugal, Italy, Hungary and Spain increased over the weekend, while the cost of protection against Greek default fell.
The cost of insuring against a default of peripheral European states continued to fall today, after peaking at record highs on Tuesday.
Standard Chartered has reopened its Start collateralised loan obligation programme for the first time since the global finance crisis spread to Asia. The bank has shed $1.25 billion of credit risk related primarily to loans extended to counterparties...
Banks look to securitisation of counterparty credit risk
Basel to overhaul CVA capital calculation
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.