Infrastructure
'Big bang' protocol provides wake-up call for CDS market over credit event settlement
A new scheme for adjudicating on credit event auctions, consisting of a centralised committee, will replace the old system of ad hoc decision-making
Lehman counterparty hold-outs warned to pay up on credit derivatives contracts
Counterparties may find that the legal process is stacked against them if they continue to resist payment of outstanding derivatives contracts with the bankrupt Lehman Brothers, say lawyers
Q&A: Dottie Cunningham
The CEO of the Commercial Mortgage Securities Association talks about the likely effect of the TALF scheme on the CMBS market
Roche
An in-depth look at the primary market's most innovative transactions. This month: the $16bn deal from Swiss pharma firm Roche, and Westpac's yen issue
Missing link
Banks are unable - or unwilling - to hold bond inventory for resale in the secondary markets, meaning that their traditional role as middleman in the buying and selling of bonds is not being fulfilled. William Rhode looks at whether things will continue…
Look Back
Comment
UK weathers the storm
Markets
Capturing dividends
Cover Story
The mechanics of dynamics
Strategies
Market snapshot
Market Analysis
Perpetual in motion
Perpetual
Structuring with caution
Zurich
Dead in the water?
Basel II
Clear benefits
The role of central counterparties is being given increased prominence in the over-the-counter markets, with regulators calling for clearing houses for credit derivatives. But how do central counterparties manage their risks? By Clive Davidson
Swiss exchange launches collateral option to bolster market
Swiss structured product providers will now be able to collateralise the listings that they trade on Scoach, the national exchange. Providers have responded positively to the initiative, which may provide a much-needed boost to the Swiss structured…
FDIC: 252 US banks now at risk
The US Federal Deposit Insurance Corporation (FDIC) now has 252 banks on its "problem list", and the industry has dipped into the red for the first time in almost two decades.