Foreign exchange
New dawn for India's securitisation market
India's structured finance business ground to a halt earlier this year after the introduction of the country's first securitisation guidelines. But with the changes now digested, new issuers are coming to market, says Sarfraz Thind
Agencies feel the hot breath of regulators as reform bill clears Congress
The new rules aim to increase the oversight of rating agencies by the SEC and open up the industry to more competition by making it easier for agencies to gain SEC recognition
CDS pricing
Talkingpoint
Delinquencies on RMBS give investors a headache
Rising levels of defaults on UK mortgages and credit card debts are forcing rating agencies to take a hard look at residential mortgage-backed securities and other securitisations
LBO risk
Market Graphic
Winner:NXP
In our monthly look at the credit market's most innovative deals, we focus on NXP's mammoth high-yield issue, the Alcentra CLO and Bouygues' 20-year bond
The third way
Cantor Fitzgerald's fixed-income research team
The great CDS debate which corner are you in?
Credit default swaps have become the instrument of choice for scores of credit investors - both for risk management and as another way to get exposure to credit. Yet there still remains a hardcore of sophisticated clients who continue to avoid CDS out of…
Take your Pik and take your chances
The issuance of payment-in-kind, or Pik, notes has grown in popularity as a means for private equity firms to fund LBOs. But investors must be aware of the unusual risks associated with this form of financing. Jean-Paul Carbonnier reports
The LDI makeover
For all the hype surrounding liability-driven investing, few UK pension funds have actually taken the plunge and implemented the technique. The London Pension Fund Authority is one notable exception. Nick Sawyer reports
Lenders are facing great and unnecessary risk
REGULATORY UPDATE
'Weak and watered down' regulatory relief in US
REGULATORY UPDATE
Fed governor urges calm over Basel II
REGULATORY UPDATE
CNP
Practitioner profile
A mutually exclusive proposition
Capital funding
Implementing choice
Technology