Regulatory change provides opportunity for international firms' structuring skills
Bill seeks to give banks until 2019 to dispose of CLO assets
Risk Awards 2015: BAML a big player in record year for CLOs
Risk Awards 2015: Credit fund profited from October meltdown
Affiliates and warehouses could satisfy both US and EU risk-retention rules, lawyers claim
In-depth analysis drives performance and picks up underlying quality dispersion
Widening spreads lure insurers
The existence of multiple rule books may deter issuers and investors in securitisation
Americas Awards 2013
Sponsored statement: BNY Mellon
Post-financial crisis structured credit has been in hiding: but 2013 has seen the re-emergence of the collateralised loan obligation (CLO) market, with yield-hungry Asian players demonstrating a strong appetite for the paper
Modelling and regulatory impact of new asset classes must be considered in search for higher yield
While CLO activity remains below pre-financial crisis levels, a demand for higher yields is driving US investor appetite
Searching for an equilibrium
Standard Chartered's most recent Start deal proved oversubscribed, suggesting a returning credit risk appetite in Asia. Meanwhile, more CLOs are expected this year.
Standard Chartered has reopened its Start collateralised loan obligation programme for the first time since the global finance crisis spread to Asia. The bank has shed $1.25 billion of credit risk related primarily to loans extended to counterparties...
Yadong Li proposes a flexible, tractable and arbitrage-free bottom-up dynamic correlation modelling framework with a consistent stochastic recovery specification for multi-name credit derivatives. In this framework, the model’s spread dynamics can be...
Despite growing risk aversion in the credit markets, behind the scenes dealers are working on new issues of collateralised debt obligations.
Goldman Sachs fraud allegations show portfolio managers credit selection interests are often not aligned with benefiting CDO note-holders, say lawyers.
The distressed assets sitting on the balance sheets of financial institutions have increased in value in recent months, with a variety of firms reporting paper gains. Has the turning point been reached in distressed structured credit assets? Peter Madigan...