Feature
'Mega-deals' serve to vindicate excess money in the marketplace
Mergers and aqcuisitions
A taste of corporate risk
Profiles
The case for independent risk management committees
Corporate governance
IAS 39: the state of play
Derivatives accounting
The costly road to compliance
Sarbanes-Oxley
Index in-crowd
Fitch Ratings
Editor’s letter
CDO guide: editor’s letter
Severity of default is key
CDO guide: recovery rates
A sterling effort
exchange-traded funds
Uncovering covered bonds
Credit forum
The return of event risk
event risk
Turning the tanker
CDO guide: static versus managed CDOs
The ABC of CDO
Contents
Out of the ordinary
CDO guide: investor demand
Diverse and sophisticated
CDO guide: product innovation
Rating the product
CDO guide: Rating agencies
Understanding the product
CDO guide: market information
The synthetic solution
CDO guide: cashflow versus synthethic CDOs
The reason to issue
CDO guide: market evolution
The start of the market
CDO guide: introduction
Structuring by seniority
CDO guide: tranching
The CDO contribution
CDO guide: conclusion
Sainsbury’s: on the shelf
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