Feature/Economics

European ABS: Will it end in tiers?

As part of a special focus on asset-backed securities, we take a look at the European ABS market. After a prolonged period of spread compression, credit tiering may be making a return to the market, as Alan McNee reports

A calculated gamble

After a promising start, Canadian carbon trading has slowed. The country has much work to do if it wants to get a domestic greenhouse-gas trading market running ahead of the 2008 Kyoto deadline. By Catherine Lacoursiere

Plugging the gaps

Italian banks have overhauled the risk management of their loan portfolios. But weaknesses still remain, particularly in the area of risk-adjusted pricing and credit risk transfer. Rachel Wolcott looks at what steps Italy’s banks are taking to fill the…

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