Credit markets
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Chart of the month
Axa IM launches two synthetic CDOs
US residential mortgage-backed securities make up one CDO; the other contains CDS
Pensions
Editor's letter
Correlations in ESGs
Capital modelling
Introduction
Introduction
Looking for a flexible structure
Wealth management
Structured products: the ripple effect
Hedge funds
Vying for volumes
Exchanges
Building a capital plan
Basel II
NewSmith uses option redemption on CDO
New angles
Art of influence
Profile
RiskNews
RiskNews
Credit derivative market grew 48% during first half of 2005, says Isda
The notional amount of credit derivatives outstanding hit $12.43 trillion at the end of June, according to the International Swaps and Derivatives Association.
Basel II to reduce capital on rated securitisation positions
The minimum capital requirements under the new Basel framework, also known as Basel II, will lower the amount of capital that implementing banks will be charged for rated securitisation positions, according to new research by FitchRatings, the rating…
Falling short of the mark
Financial institutions have struggled to develop operational risk frameworks that will improve business decisions and optimise their use of economic capital. And a new study indicates that op risk is now increasingly viewed as yet another compliance…
Demanding disclosure
The dislocation in the correlation markets in May confirmed supervisors' fears about concentration risk in the hedge fund sector. And this is fuelling pressure for hedge funds to make more data disclosure. But how would this help to reduce risk? By…
The CRO road
Some of the larger hedge funds have set up formal risk management functions, appointing independent chief risk officers (CROs) to oversee their business. But what role should a hedge fund CRO play, and are these appointments a precursor of wider changes…
TriOptima run sees $127 billlion in CDS torn up
Stockholm-based TriOptima said its latest credit default swaps (CDS) tear-up run has eliminated contracts with a notional value of $126.6 billion.
Auto CDS trades still dominate US market
The US credit default swap market continues to be dominated by contracts based on the debt protection of automobile and auto parts manufacturers, indicating the unpheaval caused by the downgrades of Ford and GM in May have not yet died away.
OCBC's drive for autonomy
Company profile
The CRO road
Risk management
Risk management for investors
Introduction