Editorial: The spotlight turns to funding

Editor's letter

Richard Jory
Richard Jory, Structured Products editor

The obsession with counterparty credit risk will continue this year, despite the fact that none of the contributors to this year's market outlook cover story believe any of the major banks will go bankrupt. Rather than a cryptic allusion to the need to prepare for battle from one lawyer, the respondents speculated that the bank bankruptcy story is over.

With the fear of losing a major bank now abating - though perhaps only in favour of concerns over the collapse of a sovereign - this year will b