Opinion/Central banks
Clash of the regulatory systems
Editor's letter
Regulatory reaction
Editor's letter
Talking Point
Emerging markets
Legal Spotlight
ABS investors may shudder at the mention of the word 'subprime', but that shouldn't deter issuers from using securitisation to raise capital. In our special extended feature, Neal Handa and Bruce Bloomingdale look at how the credit crisis has affected…
Really too big to fail?
Are bulge-bracket investment banks really too big to be allowed to fail? Despite the upheavals such a failure would cause, the consequences may have been overblown, argues David Rowe
Talking Point - Regulation through the credit crisis
The role of the regulator has been highlighted by the ongoing turmoil in the credit market. What response can we expect from regulators in the months to come?
Column - Max Bublitz
The huge expansion of credit did little for the US economy, so what can we expect next?
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Quantifi founder and CEO Rohan Douglas explains how to take a bank to the brink of disaster - and back again
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Teresa Callaghan, at credit management firm Transcom, looks at the debt sale market
Talking point - New securitisation markets
On the back of news that Japan is to securitise public sector receivables for the first time, we ask market participants about where they see development in new securitisation markets in 2008
Market graphic - European high-yield default rate
Although the markets are pricing in a jump in this year's European speculative-grade default rate to 7.5%, JPMorgan Credit Research predict a more modest rise of 2.5%
Column – Nigel Rendell
Emerging markets, particularly China, may provide a welcome source of returns this year but investors need to watch out for the effects of any US recession on the sector.
Market graphic - Recessionary pricing
The effects of a US recession on Europe are hard to quantify, but European spreads are already pricing in a mild recession, according to JPMorgan Credit Research. Is this enough?
Column: Andrew Kasapis
Our new columnist suggests three trading strategies that might reap rewards this year
Talking point - Investment-grade bond covenants
Following the release of a white paper by a group of 50 buy-siders proposing an overhaul of existing covenants, we ask market participants whether investment-grade bond covenants need improving
A turn for the worse?
Comment
Talking point - 2008 outlook
Talkingpoint
Column - David Watts
Our reliance on low correlation has been instrumental in destroying that very scenario
Column - Max Bublitz
Ben Bernanke's recent drive to increase transparency within the Fed is well-intentioned, but at times of financial stress the market needs strong leadership not 'free association sessions'
Market graphic - The effects of inflation
Market graphic