Credit markets
No strings attached
louise purtle
The long and short of CDOs
product launch
Correlation complication
cdo market
High-yield rebound
market graphic
A CDO backlash?
Comment
Battle of the bulge The e-trading offensive
electronic trading
Hedge fund panel advocates CRO function
New Angles
Rights and wrongs of hedging mortgage risk
Mortgage banks
The shaker maker
Strategy
RiskNews
RiskNews
Rejecting model rejection
Opinion
The curious incident of the disputed CDO
Cover Story
NPR: under wraps, for now
Considering last month’s US regulator conference should have covered the notice of proposed rulemaking in some depth, any information on NPRs was noticeably scant. By Ellen Davis
Bank of England says back office delays still a risk
Delays in trade confirmations are still a problem in credit derivatives trading and expose the industry to unnecessary risk, according to a report by the Bank of England.
UK speeds towards Basel II implementation
LONDON – Momentum is gathering at the UK’s Financial Services Authority (FSA) for the implementation of Basel II in the island nation.
US banks hold $91 trillion in derivatives, says OCC
The notional volume of derivatives held by US banks rose by $3.2 trillion to $91.1 trillion in the first quarter of the year, according to the US Office of the Comptroller of the Currency (OCC).
CRD timing in doubt
BRUSSELS – The timing of the EU’s Capital Requirements Directive (CRD) remained in doubt as members of the Committee of Economic and Monetary Affairs in the European Parliament submitted a whopping 887 amendments at the May 23 meeting.
Spitzer probe threatens MBIA bond guarantees
Regulatory scrutiny of accounting practices at MBIA has put pressure on the monoline insurer’s triple-A rating, undermining its guarantees. Hardeep Dhillon reports
Isda expands CDS template range
The International Swaps and Derivatives Association has published another template for credit default swaps (CDS) on asset-backed securities (ABS), this time permitting pay-as-you-go settlement.
Living with recognition
Under new accounting rules implemented this year, the majority of Europe's asset-backed securities transactions will now have to be recognised on balance sheet. Will this lead to a drop in securitisation volumes? Duncan Wood reports
CDS on ABS set for growth as documentation and sentiment improves
Asset-backed security (ABS) derivatives look set to gain increased popularity, firstly following the release of a template for ABS credit default swap (CDS) trading by the International Swaps and Derivatives Association, and second due to various bankers…