Foreign exchange
Solid foundations?
In a recent landmark step, India's power regulator has given 'in principle' go-ahead to the setting up of a power exchange in India. However, there is discomfort amongst potential participants over some of the regulator's plans. Rakesh Singh of Wipro…
Will they weather the storm?
The weather derivatives market saw record volumes in 2006, but these declined sharply into 2007. Evan Koster, David Cohn and Nicholas Rock of Dewey & LeBoeuf look at where the weather market, now 10 years old, may go next
The future arrives for renewables
The emerging market in renewable energy futures is expected to lower the cost of financing renewables and smooth out the volatility often encountered when running intermittent renewable resources, such as wind and solar. Catherine Lacoursière investigates
Prime witness
With two decades' experience, Mark Adelson has had a frontline seat in the mortgage arena and he isn't afraid to voice his ideas on what the industry should do in the future
Winding down
Prepayments
What happens next?
As a steady stream of analysts and industry experts continue to issue dismal forecasts for US house price appreciation, adjustable rate mortgage resets and the broader economy as a whole, Ajay Rajadhyaksha, head of US fixed income strategy at Barclays…
The tough go shopping
Investors
European buyside survey provides encouragement
A poll of investors in European asset-backed securities suggests demand will be reduced but not extinguished for the year ahead
Surface tension
Swaps
Siv troubles endure as banks revise super-conduit plan
The troubles facing structured investment vehicles are leaving new issuance in the mortgage markets looking shaky. It is unclear whether plans to create a super-Siv to bail them will succeed
Rise and fall
House price movements are set to become the dominant factor determining what US mortgage banks lend in future. Understanding house price appreciation and modelling it accurately has never been so critical. William Rhode reports
First in the firing line
Regulation
Loan modifications remain limited, say rating agencies
Servicers may lack the manpower or the incentive to head off rising delinquencies as 2006 loans reset
Regulator warns: plan for the worst
The UK's Financial Services Authority has warned lenders to prepare sooner rather than later for the threat of funding markets staying shut. Rob Mannix reports
Deal of the month
Volkswagen leasing
The Big Interview: Ian Bell
S&P's European structured finance head defends the agency over accusations that they could have done more to anticipate this summer's crisis. He talks to Matthew Attwood
Legal Spotlight
In the second of a two-part article, Laurence Pettit, partner at Baker & McKenzie, discusses recent credit rating agency reforms and asks whether they go far enough to restore confidence in what many people regard as a flawed system