Central banks
Basel II backlash
Credit Risk
Heating up
Structured Products
A long way to go
Longevity
Remapping the future
Inflation
Italease to launch securitisation repo
Troubled Milanese leasing specialist Banca Italease plans to securitise an €800 million portion of its lease portfolio, structured with ABN Amro.
ECB takes further steps to improve liquidity
The European Central Bank (ECB) has boosted levels of liquidity over the Christmas period by lending €348.6 billion in a main refinancing operation that matures on January 4.
Central banks offer $20bn auctions to revive liquidity
The Federal Reserve, the European Central Bank (ECB) and the central banks of the UK, Canada and Switzerland have agreed upon a series of auctions to provide billions for credit-starved financial institutions.
FSA to lenders: prepare for the worst
The UK Financial Services Authority's director of retail markets, Clive Briault, warned mortgage lenders yesterday they should prepare for market conditions to worsen still further in the year ahead.
BNP Paribas launches three basket linked fund for French investors
BNP Paribas has launched a new collective investment fund for retail investors in France. The Panka is capital guaranteed and linked to the performance of three separate index baskets which offer both mainstream and emerging market exposure.
Solid foundations?
In a recent landmark step, India's power regulator has given 'in principle' go-ahead to the setting up of a power exchange in India. However, there is discomfort amongst potential participants over some of the regulator's plans. Rakesh Singh of Wipro…
The future arrives for renewables
The emerging market in renewable energy futures is expected to lower the cost of financing renewables and smooth out the volatility often encountered when running intermittent renewable resources, such as wind and solar. Catherine Lacoursière investigates
Winding down
Prepayments
What happens next?
As a steady stream of analysts and industry experts continue to issue dismal forecasts for US house price appreciation, adjustable rate mortgage resets and the broader economy as a whole, Ajay Rajadhyaksha, head of US fixed income strategy at Barclays…
Surface tension
Swaps
Rise and fall
House price movements are set to become the dominant factor determining what US mortgage banks lend in future. Understanding house price appreciation and modelling it accurately has never been so critical. William Rhode reports
First in the firing line
Regulation
Regulator warns: plan for the worst
The UK's Financial Services Authority has warned lenders to prepare sooner rather than later for the threat of funding markets staying shut. Rob Mannix reports
The Big Interview: Ian Bell
S&P's European structured finance head defends the agency over accusations that they could have done more to anticipate this summer's crisis. He talks to Matthew Attwood
Legal Spotlight
In the second of a two-part article, Laurence Pettit, partner at Baker & McKenzie, discusses recent credit rating agency reforms and asks whether they go far enough to restore confidence in what many people regard as a flawed system
Profile: Arthur Calavritinos
Arthur Calavritinos runs one of the top-performing high-yield bond funds in the US, the John Hancock High Yield Fund. He tells Dalia Fahmy about the investment strategies that he hopes will insulate his investments against the current credit squeeze
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 ... Gavan Nolan, credit analyst at Markit Group in London, looks at credit indices
Roundtable: Sounding out the buy side
With the markets still reeling from the liquidity crisis, Credit gathered together three luminaries from the buy side to discuss the effects of the summer slowdown and, more importantly, how things will pan out over the next few months
Gridlock in CDS confirmations
As if banks haven't got enough to worry about, new data from Markit Group shows that the amount of unconfirmed credit derivatives trades has increased sharply, to levels not seen for around two years. Simon Boughey reports