Credit risk
Waiting for guidance
South Korea's banks have made huge strides in implementing risk management systems over the past few years, but Basel II is not yet a driving force, with banks waiting for the Korean regulator to publish local guidelines.
Luck of the irish
Ireland's Central Bank has authorised the move to make hedge funds available to retail investors, prompting even more interest in the country
Nomura victory sets precedent for credit derivatives delivery
A landmark ruling, favouring Nomura over Credit Suisse First Boston (CSFB), in London yesterday will set a clear precedent for the credit derivatives market, the Japanese investment bank said. Nomura challenged CSFB on the deliverability of convertible…
What lies beneath?
CDO pricing
Tyco: pulling itself together
Credit of the month
A new standard
Credit default swaps
Pay your money, take your chance
CDO outlook
People moves
People
Waiting for guidance
Basel Accord
Westpac launches CDO of CDOs
New angles
Open to innovation
Investor products
RiskNews review
RiskNews review
Extending to Asia
Continuous-linked settlement
New dawn for loan portfolio management
The way institutions handle credit is changing. Charles Smithson compares the results of two surveys done in the past two years to discover how portfolio management has evolved.
Software survey 2003
Credit technology hogged the spotlight in 2002, as the spectacular collapse of a host of corporate giants combined with movement on the Basel II Accord focused everyone's attention on this class of exposures.
Niche lenders brace for Basel
Banks with niche lending businesses are scrambling to assemble enough data to allow them to benefit from Basel II's most advantageous capital provisions. Gallagher Polyn reports on one successful initiative.
Clearing will solve energy market woes, says University of Houston
Over-the-counter clearing of energy derivatives contracts could provide the market with the required transparency to help rebuild the energy trading industry, according to research by Global Energy Management Institute (GEMI) at the University of Houston…
Sponsor's article > The role of correlation
David Rowe surveys recent research on the role of correlation between probability of default and recovery rates, as well as among default probabilities.
Westpac launches CDO of CDOs
Australian bank Westpac has closed a $1.25 billion synthetic collateralised debt obligation (CDO) backed by a pool of structured finance transactions. The deal, arranged by JP Morgan Chase, is thought to be the first such structure issued in Asia-Pacific.
Merrill pitches CDS baskets as alternative to risky single names
Instead of confining themselves to riskier individual corporate bonds, investors hunting yield can find relatively more value in basket credit derivatives, according to research by Merrill Lynch.
Canada’s shifting credit scene
Canadian banks