Feature/Risk management/Foreign exchange
Sting in the tail
Credit spreads on highly rated names have blown out to levels that are proving irresistible to many buy-and-hold investors such as pension funds. But tail risk in the form of increased default expectations is still a major consideration. Blake Evans…
On the crest of a wave
Corporate bond volumes have been soaring as companies scramble to meet their funding requirements in the wake of the loan market's demise. Simon Boughey looks at whether this wave of issuance is a temporary phenomenon or whether it heralds a permanent…
The price is right
Consensus on the input assumptions that financial institutions use to value structured finance securities is crucial if the market is to reach a universally agreed method of pricing these impaired assets. By Peter Jones of Standard & Poor's
Stopping the rot
Noises from leading banks that they may be returning to profitability are failing to mask the painful truth that vast quantities of toxic assets are still causing a stink on banks' balance sheets. Credit looks at the various plans being put forward to…
Risk not seen as top priority by global investment management
Daily news headlines
Green shoots
Conference Report: Spain
The name game
Counterparty Risk
The credit trap
Cover Story
Saying hello to hedge funds
Hedge Funds
After the dust settles
Settlement risk
Casam offers money market exposure with new ETF
Credit Agricole Structured Asset Management (Casam) has launched a new exchange-traded fund (ETF) linked to Eonia - the Euro Over Night Index Average, the rate of overnight unsecured lending between banks. The fund is listed on NYSE Euronext and achieves…
Geithner proposes systemic risk US super regulator
Editor's blog
Dealers and regulators: Who will blink first?
High noon for CDS Clearing
What to do with the toxic debt
The issue of how to tackle the vast quantities of impaired assets lingering on banks' balance sheets has given rise to several possible solutions, chief among which is the notion of a 'bad bank'. Credit asks five market participants how such a scheme…
Q&A: Dottie Cunningham
The CEO of the Commercial Mortgage Securities Association talks about the likely effect of the TALF scheme on the CMBS market
Missing link
Banks are unable - or unwilling - to hold bond inventory for resale in the secondary markets, meaning that their traditional role as middleman in the buying and selling of bonds is not being fulfilled. William Rhode looks at whether things will continue…