Banks plan to relaunch off-balance-sheet derivatives units

rocketlaunch2

After falling out of favour in the first phase of the crisis, derivatives product companies (DPCs) are set for a comeback, with six banks understood to be looking at launching new vehicles or revamping existing structures to cut their liquidity costs under the incoming Basel III framework.

Fitch Ratings and Standard & Poor's released proposals for new DPC rating methodologies earlier this year, after banks showed an interest - Fitch had withdrawn all DPC ratings in June 2011. Roger Merritt, a ma

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: