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Evolving credit

The flexibility of credit default swaps makes them an invaluable tool for arbitrage, speculation or hedging products

Accord preparations: the rest is yet to come

While the debates have raged for months about many aspects of the proposed Basel II Accord, on some points there has been relative silence, in particular with regard to the seeming overreliance on statistical techniques.

Preparation, quantification, implementation

While the South African Reserve Bank is in favour of Basel II, those tasked with preparing for the new capital accord are in no doubt that the risk quantification challenges presented by it are daunting.

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