US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
Basel proposals would kill European market, banks warn – and some regulators sympathise
More Securitisation articles
Securitisation industry group claims Europe faces big financing shortfall – and pushes securitisation as the answer
Deal is said to pay a coupon of 11% for first-loss protection – which some investors say is too low
Adapt or die
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
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