Credit risk
The art of securitising CVA
Securitising CVA
Confusion over CCP default fund charge
CCP charge confusion
KfW now using two-way CSAs, dealers claim
Several sovereigns, supranationals and agencies are considering following Portugal’s lead and posting collateral to derivatives counterparties, say dealers
Greek CDSs plummet on loan extension rumours
Meanwhile Egypt’s credit rating downgraded by Moody’s to Ba2.
Vietnamese banks hit by Vinashin default
Flood defences
Eurozone CDSs widen, but no loss of market confidence, says Fitch
Report says EMU credit default swap volatility due to lack of certainty over future debt market conditions
Users of OTC derivatives are not prepared for regulatory onslaught
The raft of new regulations on OTC derivatives will be problematic for buy-side firms, says new report
IMF uneasy on nagging weakness of eurozone’s banks
Fund’s Global Financial Stability Report and World Economic Outlook updates show concern over insufficiency of eurozone stress tests, links between banking and sovereign risks
CDS market reacts badly to Spanish bank plan
Credit default swaps (CDS) on Spain widened today, after yesterday's announcement of plans to bolster the country's banking system.
Eurozone peripheral CDSs keep tightening
CDS spreads on eurozone peripheral sovereigns continued their downward trend today
European government borrowing to 9.2% decline in 2011, says Fitch
A new report from Fitch Ratings suggests Europe's public finances are on the mend, reducing pressure to borrow in 2011
CDS spreads continue to fall across eurozone periphery
The cost of swaps protecting against a state default of eurozone peripheral states continued to decline today.
Risk perceptions of Allied Irish Bank rise over weekend
Credit default swaps on the troubled Irish bank widen by four percentage points
CDSs on eurozone periphery fall for third day
In the wake of Portugal’s successful bond auction of almost €1.25 billion yesterday, credit default swaps (CDSs) on eurozone sovereigns continue to trade down
US-Europe decoupling a theme for 2011, says BNP Paribas credit research head
Weakness in Europe's banks will cause the region's credit markets to lag the US in the coming months, according to BNP Paribas' global head of credit research and strategy, Robert McAdie.
Eurozone unlikely to break up, says Zurich chief economist
The chief economist of Zurich Financial Services believes there is the political will necessary to protect the eurozone over the long term
Eurozone faces “intractable” problems, says BarCap economist
Eurozone faces stunning economic and financial challenges, says Julian Callow, chief European economist at Barclays Capital.
New highs for CDS spreads on Ireland and Belgium
The cost of insuring against Irish and Belgian state defaults reaches unprecedented levels
Corporate bonds - safer than sovereigns?
The new safe haven
Brussels sets the stage for senior debt haircuts
Internal markets directorate publishes consultation paper calling for senior bondholder haircuts in resolution regimes; analysts worry move could further disrupt funding for troubled banks
SNB rejects Irish debt as collateral
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
Bank of Ireland CDSs rise sharply
The cost of insuring against a default by the Bank of Ireland rose today, as the Swiss central bank stopped accepting the bonds of Irish banks as collateral
CDS on Portugal rise on Moody’s warning
Threat to A1 credit rating of the Portuguese government raises cost of credit default swaps.