The past 12 months saw unprecedented levels of volatility across all asset classes, but nowhere has this been felt more keenly than the credit derivatives sector. The credit default swap (CDS) market has had to deal with a string of major credit events in quick succession, including Fannie Mae, Freddie Mac and Lehman Brothers, while collateralised debt obligation (CDO) investors saw the value of their tranches eaten away by defaults and continued spread-widening.
In the midst of this turmoil,
- Brexit novations ‘on hold’ to gain reg relief
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines
- Sefs, Libor fallbacks and risk governance in Asia
- Banks hope final FRTB rules will ease NMRF burden