Deal is said to pay a coupon of 11% for first-loss protection – which some investors say is too low
Adapt or die
This webinar on September 17th looks at the challenges of GRC, key trends, motives for improvement, future investments, and obstacles that banks and other financial institutions face in trying to improve and integrate their risk management strategy
More Securitisation articles
At least six banks are talking to lawyers and rating agencies about reviving derivatives product companies, although AAA ratings may now be off the table
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
A number of downgraded banks are required to find swap counterparty replacements for over 300 structured finance transactions – but this is proving difficult, with few candidates willing or able t...
The adjustment bureau
An Arch economist
Stress test struggle
Resignation letter links derivatives trade to moral collapse at bank
Basel 2.5: US ratings workaround too punitive, banks complain
The profits of imbalance
Basel Committee focuses on cost of protection in attempt to stamp out capital arbitrage, but dealers worry that sound trades will also suffer
Half a world away
The latest Reserve Bank of India revised draft guidelines for securitised transactions released late September have drawn criticism from market participants for being far too restrictive, with one l...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.