Credit - 2008-02-01

Q&A: Intellectual property securitisation

Intellectual property securitisation, where the intrinsic value of a brand or copyright is released via the issuance of debt, can be costly but the interest savings over the life of the deal are attractive, explains the global co-head of securitisation…

Herd mentality

The unbridled success of the credit derivatives market over the past few years - until last summer, that is - had led large numbers of investors to adopt similar positions in the sector. Such risk concentration was always likely to cause problems if the…

Legal spotlight

The structured credit market is facing a new paradigm as we emerge from the credit crisis. Angus Duncan and Robert Cannon look at the kind of structures we can expect to see in 2008

Leveraged loans: Clearing the backlog

While LBO bankers in the US are chipping away at the backlog of deals, Europe seems unable to shift its overhang. Daniel Andrews looks at how differences in the way the two markets have evolved are affecting their chances of tackling the problem

Column: Nigel Sillis

An anomaly in S&P's CDO Evaluator would have us believe that a AAA rated CDO is more likely to default than a AA+ corporate - fine in today's market, not so good in theory

The Big Interview: Tim Congdon

The founder of Lombard Street Research and respected economist discusses the precedent for last summer's crisis with Matthew Attwood, and explains how policymakers are damaging the market

Drying up down under

Liquidity in Australia's nascent structured credit market has suffered as a result of the subprime squeeze, leading to an inevitable bout of finger-pointing. Marion Williams reports

Sovereign wealth saviours

The financial markets have found their new superhero. With major investment banks on their knees after whopping subprime-related writedowns and liquidity in the bond markets severely affected, the arrival of sovereign wealth funds, with their groaning…

Profile: Matt Cairns

The senior European economist at Moodyseconomy.com, part of Moody's Analytics, talks to Matthew Attwood about the macro trends that define his business

Joined-up thinking

Platform's Piero Bassu tells Dippy Singh how keeping an eye on all aspects of risk has stood the subprime lender in good stead while its less disciplined peers have foundered

Steward's enquiry

Hermes' David Pitt-Watson gives an owner's perspective on the troubles at UK lender Northern Rock, and details the changes he believes would prevent a repeat of the credit crunch in future. Interview by Rob Mannix