If you believe all you read in the mainstream media, collateralised debt obligations are either dead or terminally wounded. Some commentators have dreamed up apocalyptic epithets to describe them, with Money Morning calling CDOs "obscure, tottering towers of debt".
Others have administered the last rites in colourful, flowing editorials. "Within a few months, the crisis will be past, and a slow convalescence will be established," wrote Hamish McRae in the UK broadsheet, The Independent, in March
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Industry hails potential US relaxation of margin timing rules