Feature/Risk management/People
It's payback time
If you still wake up in a cold sweat, haunted by the memory of opening your 2008 bonus slip, you're not alone. Credit professionals across the board saw their bonuses slashed last year. But not all banks were forced to scale back their remuneration…
Internal affairs
Internal Models
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…
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…
Trading spreads
Ray Eyles, JP Morgan's CEO for European commodities, a 20-year market veteran, speaks to Roderick Bruce about the bank's continued expansion in commodity markets during challenging times for the banking sector
Marc Mourre
To celebrate its 15th anniversary, Energy Risk is talking with industry veterans who have been instrumental in shaping today's energy markets. This month Marc Mourre, managing director and vice-chairman of commodities at Morgan Stanley, talks with Stella…
Saying hello to hedge funds
Hedge Funds
Geithner proposes systemic risk US super regulator
Editor's blog
Interview - Forward market thinking
Richard Sandor, chairman and chief executive officer of the Chicago Climate Exchange, pioneered the first ever emissions trading scheme in the late 1980s for acid rain, drawing on his experience in launching interest rate futures 20 years earlier. He…
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…
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…
Capturing dividends
Cover Story
The mechanics of dynamics
Strategies
Dead in the water?
Basel II
Risk and compliance pivotal in setting compensation
Editor's blog
Insurance debt: Don't take a tumble
Holders of bonds from the insurance sector should prepare themselves for a rough ride in 2009. Lingering concerns over the exposure of certain names to toxic structured credit assets and the difficulty of raising more debt in the current environment are…