Credit markets
S&P places six Asia-Pacific CDOs on CreditWatch negative
Standard & Poor’s Ratings Services (S&P) has placed the ratings on six Asia-Pacifc synthetic collateralised debt obligations (CDOs) on 'CreditWatch with negative implications'. The agency affirmed the ratings on two other CDOs.
Bank of England hits out at quality of dealer stress-tests
The Bank of England gave the UK banking industry a stark warning today to improve stress-testing systems to avoid being dangerously exposed if there is a 'severe shock' to the financial system. The UK’s central bank made the comments in its twice-yearly…
Credit DPCs are growing rapidly, says Fitch
Credit derivatives product companies (CDPCs), such as Primus Guaranty, are emerging as important participants in the burgeoning credit derivatives market, according to a new criteria report by Fitch Ratings.
Markit to supply FSA with CDS pricing
The UK Financial Services Authority (FSA) has picked Markit to supply pricing information on credit derivatives.
Market View: Igniting growth in a mature market
Special report: Focus on France
Burying a problem
As North American power generators prepare for a carbon-constrained world, new coal plants are being built with the option of installing carbon capture and storage technology. And the economics could be about to improve, finds Catherine Lacoursiere
New Zealand welcomes first retail credit CPPI deal
The $63m Credit Sails deal is linked to the DJ CDX and iTraxx Europe indices
Barcelona summit highlights challenges of ABS growth
Global ABS conference focuses on reporting standards in asset-backed securities market
Pimco launches long/short CDO
CDO structurers develop long/short transactions in anticipation of spread widening
Credit Spreads: the new horizon
Despite recent volatility in global markets and the prospect of a rising default rate, spreads in corporate debt - particularly high yield - remain tight. Credit talks to four market participants to find out where they see performance for the rest of 2006
European high yield
Marketgraphic
Isda releases new CDS templates
Bankers welcome standard documentation for CDS on CDOs and on loans
Anton Simon
The head of European high yield at Putnam Investments in London explains why European high yield is still a good news story
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... Rob Pomphrett, head of structured product syndicate at RBC Capital Markets in London, explains how CDOs work
Taiwan's CDO explosion
Since its launch in 2005, Taiwan's CDO market has been surprisingly buoyant. But with investors reaching saturation point, is the market nearing its natural limits? Hardeep Dhillon investigates
S&P updates CDO Evaluator
The rating agency launches upgrade featuring modified default assumptions
Rating agencies under fire for conflicts in valuation process
Moody's and S&P methodology flaws could undermine banks' risk management activities
Winner: Solvay Finance
In our monthly roundup of innovative deals, we pay tribute to Solvay Finance's hybrid securities deal, Barclays Capital's CCO and a catastrophe bond from Swiss Re
John Ryding
The chief US fixed-income economist at Bear Stearns gives his views on the outlook for inflation, the Fed's interest rate policy in the year ahead and how asset markets will react to further rate increases. Interview by Saskia Scholtes