Infrastructure
Danny Davis
Mishcon de Reya's insolvency expert talks about the need for companies to learn to rely less on external funding, and why a UK-style Chapter 11 process isn't necessarily a good idea
Column: Paul Taylor
Ratings downgrades reflect a decline in creditworthiness, not an admission that the ratings were wrong in the first place. But that doesn't mean the rating process can't be improved. Paul Taylor
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Susan Hinko of TriOptima explains multilateral terminations
Banks await verdict from capital adequacy tests
US authorities prepare to release results of a series of stress tests conducted on 19 financial institutions to ascertain whether any are in need of immediate capital assistance
It's payback time
If you still wake up in a cold sweat, haunted by the memory of opening your 2008 bonus slip, you're not alone. Credit professionals across the board saw their bonuses slashed last year. But not all banks were forced to scale back their remuneration…
The sovereign state
While the sovereign market has in the past been most readily associated with rates investors, it has always been a key part of the credit sector, most importantly as a benchmark for the pricing of corporate bonds. But credit default swap levels on…
Legal Spotlight
CDS dealers are under pressure to come up with a market-led solution to the clearing conundrum before regulators force one on them. Peter Green and Jeremy Jennings-Mares report
Product performance
Two products common to the UK market and one that is well-known in the US - all three with the same strike date - are the subject of this month's comparisons
A downward spiral?
Markets
Dual path to capped returns
Investors in Merrill Lynch's Australian capital-at-risk product have the chance to construct their own product from a choice of two series, each with its own issue price and maximum return based on the performance of the S&P/ASX 200
Market snapshot
Market Analysis
Japanese exchanges move to set up CCPs next year
Risk mitigation systems for over-the-counter derivatives set to go live in 2010
Building a new house
International Derivatives Clearing House, a new clearing service for interest rate swaps, was launched in December. Christopher Edmonds, its chief executive, talks to Ryan Davidson about the venture
Basel releases framework for assessing systemic risk of large banks
Daily news headlines
More than 100 firms apply to buy toxic assets under PPIP
More than 100 money managers have applied to the US Treasury to be granted fund manager status under the Public-Private Investment Programme (PPIP) and commence purchasing toxic mortgage securities with public money, the department announced yesterday.
Market tense over stress-test results
Continued silence from US authorities on the results of bank stress tests has left markets and analysts alike fretting over which firms are in need of additional capital.
Brokerage launches online catastrophe price index
Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters have today launched the Willis Re Catastrophe Price Index.