Credit markets
Volatility returns
Editor's letter
ABX widening stokes credit fears
Credit market worries are growing, as widening spreads on US subprime home equity securities shake US and European credit markets.
Anderson A Delicate Balance - buy-side risk management systems feature
Risk management on the buy side has, over the course of the last few years, become a specialist business process in its own right. But there are still a myriad approaches to essentially the same challenge: ensuring that you do not expose your…
US property slowdown could increase risk for CDOs
Decelerating house price inflation and competition among commercial mortgage lenders could hurt US structured credit products, according to a Dresdner Kleinwort report.
Moody’s: “unprecedented” interest in CDPCs
New York-based ratings agency Moody’s has said it is currently processing proposals for 24 rated credit derivatives product companies.
Isda welcomes outcome of SG appeal
The International Swaps and Derivatives Association has publicly welcomed a decision by the US Second Circuit Court of Appeals, overturning a ruling that forced Société Générale to pay out on a contentious credit default swap (CDS) contract.
SG marketing CPDO
Société Générale Corporate and Investment Banking (SG CIB) is marketing its first constant proportion debt obligation (CPDO). The deal, called Stelaris, will feature a short bucket.
S&P: CLOs will lead European CDO growth in 2007
The European surge in cashflow collateralised loan obligations (CLO) will continue into 2007, according to a report by Standard and Poor’s (S&P).
Synthetic indexes on ARMs created
CDS IndexCo, a consortium of 16 dealers, and Markit, a London-based independent pricing and valuations specialist, have developed a family of indexes on the hybrid adjustable rate mortgage (ARM) market. The Hybrix indexes are cash-settled forward…
A Ratings Quandary
The US Securities and Exchange Commission is set to hammer out several key provisions of the US Credit Rating Agency Reform Act, intended to increase transparency in the ratings industry. But some analysts are concerned the legislation could go too far.
With a bang or a fizzle?
With the deadline having passed for submitting Basel II risk model applications to national regulators, Europe's financial institutions should be well on their way to compliance. But the reality is that many are still struggling to implement the new…
GFI: financials and telecoms most active CDSs
Credit default swaps (CDSs) referenced to financial services and telecommunications firms were the most active in the global credit default swap market in January, according to New York-based interdealer broker GFI.
Behind Solent's towering success
Solent Capital Partners has won plaudits - and investors - for managing collateralised debt obligations, and also for its credit-based hedge fund product, reports Solomon Teague