Opinion/Foreign exchange
Column: Charles Cronin
Flawed models, conflicts of interest, ineffectual leadership: the rating agencies have emerged from the financial crisis with little credit, and reform may strip them further of their influence
Gary Jenkins: Turner's blank canvas
The FSA's chairman, Lord Turner, has published his much-anticipated recommendations for a shake-up of the regulatory system. Do they go far enough?
From alpha to omega
The standard measures of credit risk do not efficiently capture the possible distribution of losses on a portfolio. But the Omega function may provide a solution for investors. Gene Yeboah
Reasons to be cheerful
Comment
Legal Spotlight
The ECB has set minimum standards that ABS must meet if issuers are to use the securities as repo-eligible funding. Angus Duncan assesses the impact of these new rules on existing ABS
Column: Nick Chamie
A huge rise in the funding needs of developed nations will hurt emerging markets
Why Basel's not faulty
The tenets of the Basel II Capital Accord are fundamentally sound; it's the methods that the banks are using to implement them that are not so sound
My money's on covered bonds
An asset class that has prospered throughout some of the most turbulent times in modern European history must surely be a serious investment prospect during the current downturn
Striking a balance
Editor's letter
Basel III?
Kommentar
Column: Robin Keck
Vulture funds, or distressed debt funds as they would prefer you call them, are seeing a wealth of opportunities in the current trying conditions. So why aren't more funds being raised?
Market Graphic - How to hedge an ABS portfolio
For investors stuck with toxic ABS assets on their books, devising an effective hedging strategy is crucial. Jean-David Cirotteau and Marc Teyssier, analysts at SG, look at one such strategy
Creating a monster
Funds that are under government control have grown rapidly in recent years, to the extent that the architects of these funds risk losing sight of why they were set up in the first place
Crunch time
Corporate credit is likely to suffer while banks repair their balance sheets
Collateral damage
Editor's letter
Column: Nigel Sillis
Labour costs are rising even though labour is no more scarce. How is this happening?
A real world stress test
Editor's letter
La risposta sbagliata
Commento
Column: Robin Keck
Recently redundant? Don't fret: a few positive steps could soon see you back in the market
Column: Andrew Kasapis
The events of the past year have played havoc with the cash bond/CDS basis, with traders struggling to make the strategy profitable. Is there a way of making alpha from this trade?