Credit markets
Internal affairs
Basel II
Growth in hostile territory
Convertible arbitrage
Clarifying disclosure
Hedge fund perspective
Heading north
Q&A: Donal Galvin
Editor's letter
Comment
Structured finance upgrades soar in Q1
Upgrades of global structured finance tranches in the first quarter of 2006 outnumbered downgrades by 4.1 to 1, Fitch Ratings said today. The ratio compares with 1.1 to 1 for the same period in 2005 and 2.5 to 1 for the whole of 2005.
Preparing for Pillar II
The German regulator published guidelines on the minimum requirements for risk management at the end of last year, partly to integrate the requirements of Pillar II of Basel II into German Law. Alexander Campbell talks to Helmut Bauer, BaFin's head of…
Bumped along by Basel II
Credit portfolio management has become an integral part of many big banks' risk management. Smaller banks have lagged behind, but the planned introduction of Basel II next year could provide an incentive for more active management of their loan exposures…
Greenspan lashes out at credit derivatives industry
Alan Greenspan, former chairman of the US Federal Reserve Board, has found it “appalling” that banks were trading credit default swaps (CDS) and documenting them on scraps of paper. Speaking at the Bond Market Association’s (BMA) 30th anniversary dinner…
Fitch positive on Asia-Pacific CDO issuances
Fitch Ratings expects issuances of collateralised debt obligations (CDOs) to increase this year in Asia-Pacific, including China, the rating agency said in its latest CDO quarterly report released in May.
In the frame
Seven of the industry's top op risk executives debated framework implementation at a recent roundtable discussion in New York, moderated by Ellen Davis and sponsored by enterprise-wide risk solution firm FRS