Central banks
US managers set the pace in European CLO market
The burgeoning market for collateralised loan obligations in Europe has attracted the attention of large, established US managers, keen to get a piece of the action. So what effect is this influx of transatlantic thoroughbreds having on the European CLO…
Winner: Mobilink
In our monthly roundup of innovative deals in the credit market, we dish out the gongs to Mobilink's trailblazing bond, Lloyds TSB's Arkle RMBS and OTC Bank's hybrid
Is da documentation working?
CDS on CDOs
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 ... Ralf Preusser, European rates strategist at Deutsche Bank in London, explains how covered bonds work
Review of the Year
Features
Reconstructing loan management
European banks are taking advantage of the benign credit environment to overhaul the way they manage their loan portfolios. With credit spreads at record lows, banks are increasing their use of credit derivatives for hedging. By Rachel Wolcott
Exchanges: Saying hello to Alex
Special report: Focus on Switzerland
Taking shelter?
Credit
Protected from the credit glare?
Systemic risk
A fluid discussion
Book excerpts
Big players make up ground
Interdealer Survey 2006
Flache Steepener
CMS-spread-optionen
Prociclicità a norma di legge
Rischio sistemico
Quando il poco stroppia
Value-at-Risk
Eine stille Revolution
LÄnderrisiko
La rivoluzione silenziosa
Rischio sovrano
Calma piatta sugli steepener
Spread option su CMS
Credit derivatives still leading OTC growth, says BIS
Credit derivatives continued to be the fastest-growing sector of the over-the-counter market this year, despite rising numbers of early terminations.
Largest Norwegian banks will use FIRB approach for credit risk
Falling capital levels in Norway will be buffered by transitional arrangements.
Regional co-operation and micro and macro supervision are key to EMEA financial stability
Extra prudential pillars must bolster Basel pillars in Asian markets, says HKMA deputy chief executive.