The market for synthetic collateralised debt obligations (CDOs) in Asia promised so much at the end of last year. Asian names were making headway within global portfolios, the first Asian synthetic balance-sheet collateralised loan obligation had been rolled out by Development Bank of Singapore, and the first synthetic arbitrage CDO with an Asian portfolio manager – Singapore’s OUB Asset Management – was launched by Dutch bank ING Barings.
But so much has changed since then. The domino
The week on Risk.net, July 7-13, 2018Receive this by email