Credit experts are expecting Markit to amend its iTraxx Europe Financials index to reflect changes made by UK and Swiss banks to comply with international loss-absorbing debt requirements. It could also provide a liquidity boost for the fledgling holding company (Holdco) credit derivatives contracts referencing these banks.
The credit default swaps (CDS) referencing UK and Swiss banks that are currently used in the iTraxx index reference debt issued by operating companies (Opcos). But as issuanc
The week on Risk.net, June 16–22, 2017Receive this by email