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Going electronic

Collateral management functions currently exchange margin call notices and confirmation of interest payment by email, but the need for automation is becoming more urgent. The industry is looking to define the sequence of messages that would need to be…

The wa'ad on the Street

The Islamic concept of wa'ad has been used as a linchpin for a variety of structured products in recent years. Priya Uberoi, Rahul Chatterji and Dany Bidar consider the role of wa'ad in the evolution of Islamic derivatives, outlining the essential…

Into account

The US Financial Accounting Standards Board has released new rules on off-balance-sheet exposures, which will compel US companies to consolidate billions of dollars of assets previously kept in special-purpose entities on to their balance sheets. How…

Remake/remodel

The credit downturn has coupled with unprecedented fear over counterparty risk to stymie opportunities for credit derivatives product companies. Some market participants are investigating restructuring, but is there a way forward? By Mark Pengelly

Higher ground

Plans are afoot among global regulators to impose tougher regulatory requirements on large and systemically important firms, including higher capital charges. Will they succeed in curtailing systemic risk? Mark Pengelly investigates

Spreading fear

As credit spreads on financial institutions widened in the second half of 2008, some banks registered substantial gains on their own debt. The International Accounting Standards Board has subsequently ignited a debate over the inclusion of credit risk in…

PPIP blip

Mortgage-backed securities purchases will begin in August under the US Treasury's Public-Private Investment Program. But analysts say holders of the paper may be unwilling to part with their toxic assets at any price. Peter Madigan reports

Unite or fail

The European Commission is busy preparing the detail of its proposals for a new framework of financial supervision - but will national supervisors see their powers and discretion curbed? Joel Clark reports

Back to repack

Despite the flak off-balance-sheet vehicles have received since the onset of the financial crisis, dealers report increased use of special-purpose vehicles by investors looking to repackage assets. Why are investors looking to these repackaging vehicles…

The CDS curse

There has been growing concern about the influence credit default swaps (CDSs) can have on corporate reorganisation talks. Some have argued that because lenders can also hold CDS protection, they might block a debt reorganisation in order to force the…

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