Own credit risk - the concept of including the credit risk of an institution in the measurement of the liabilities it issues - had a significant impact on banks' profits in the first half of 2009, as credit default swap (CDS) spreads referencing banks' own debt narrowed.
Source: Risk magazine | 05 Aug 2009
Topics: Barclays, UBS, Credit Suisse, BNP Paribas, Deutsche Bank, Financial Accounting Standards Board (FASB), HSBC, International Accounting Standards Board (IASB), JP Morgan Chase, Société Générale (SG)
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