Adding complexity

CDOs of CDOs

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Synthetic arbitrage collateralised debt obligations (CDOs) are still the rage in Asia. In the past few months there’s been a string of new deals, with the most recent entrants – Singapore’s OCBC Bank and Hong Kong-listed China Insurance International Holdings – both launching $1 billion managed synthetic deals in mid-November.

But with the region’s investors becoming more comfortable with synthetic CDOs, a number of banks are looking to the next stage of development – CDOs of CDOs. This is

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

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