Book contributions by Risk Staff
Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
US investment banks reveal their missing millions
Losses caused by the summer's credit crisis were not as bad as feared at four of the biggest US banks, according to recent quarterly results announcements
Q&A - Rohan Douglas
The founder and CEO of Quantifi, the structured credit modelling and risk analysis firm, talks about the effects of the summer's volatility on the structured finance market, in particular how existing models have fared against the turmoil
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 ... Mark Beeston, president of trade affirmation platform T-Zero, looks at novations
High yield
Secondary market liquidity
Tim Fletcher
Insufficient data is at the root of the credit market's ruined summer, Baseline Capital's sales and marketing director tells Matthew Attwood
First Pacific Advisors - The waiting game pays off
Betting against the markets takes a steady nerve, but for Robert Rodriguez and Thomas Atteberry, investment managers at West Coast house First Pacific Advisors, the strategy has paid off - and how. Dalia Fahmy talks to the two men who run this year's…
ABN Amro rejects criticism of CPDOs after index roll fails to dent structures
Fears that the September 20 roll of the CDX and iTraxx indices would put CPDO structures under pressure have so far proved unfounded, with the indices tightening less than expected
Protected from the subprime chaos
The Latin American region has suffered its fair share of financial difficulties - most of them self-inflicted - but a period of economic stability and rebuilding has left many LatAm countries well equipped to withstand the fallout from the recent…
Stephen Andress
The head of derivatives ops at Northern Trust talks to Matthew Attwood about how credit derivatives are evolving and what effect the summer's turmoil may have on the industry
Market Graphic - Return-smoothing
Hedge funds that trade illiquid securities are more likely to smooth their returns, especially when the securities concerned are ABS or MBS, according to recent research
Legal Spotlight
Laws governing corporate insolvency and restructuring are failing to keep up with changes in the financial markets. Christopher Hall and Andrew Wilkinson argue that a programme of modernisation is needed
Talking point - The leveraged loan logjam
With the value of delayed leveraged loans nearing $400 billion, will sufficient liquidity return to the market to get these loans off the lending banks' balance sheets? Credit asks four experts
The true cost of no-cost mortgages
Banks offering no-cost mortgages have been accused of hiding the real cost of the loan from borrowers. But as Andrew Kalotay and Jinghua Qian explain, lenders can also run into problems if they fail to calculate correctly the prepayment behaviour of…
A time of strife
Interest rate markets traded as if every day was a big news day during August. Mark Walker of RBS Global Banking & Markets looks back at swap movements and volatility spikes and asks what those meant for mortgage lenders