Credit markets
Basel’s CDO solution
As the Basel Committee on Banking Supervision continues its stately progress towards a revised capital Accord, one area remains under debate: the proposed capital rules for asset securitisations. As some readers will recall, it was securitisations that…
The outsiders
Outsourcing
Counting the cost
SPV ruling
BAE Systems: poor defence
Credit of the month
Loser takes all
Profile
Sector roundup
Sectors
Credit Crunch!
Columnist
On shaky ground
Cover story
Keeping your options open
Credit options
Fidelity takes its pick
People news
Advancing op risk management using Japanese banking experience
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Modelling firm tackles surety bond woes
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RiskNews review
RiskNews review
JP Morgan Chase closes first Korean synthetic credit transaction
JP Morgan Chase has closed South Korea’s first synthetic credit transaction this week. The US investment bank has arranged a hybrid 10-year $30 million credit-linked note (CLN) with exposure to Korea Development Bank credit risk and the super senior swap…
Japan credit default swaps seen at the end of tightening trend
Japanese credit default swaps have reached the end of their tightening trend, and market participants are now waiting for direction, dealers said. But with the fiscal year-end approaching, they predict that participants are likely to stay on the…
Ahold woes keep spreads wide in European credit default market
The European credit derivatives market has remained volatile this week following a series of problems faced by Dutch retailer Ahold. Corporate default swap levels were pushed wider at the start of the week, following revelations about accounting…
Ahold credit protection trading on upfront-only basis
Credit protection for Dutch retailer Ahold is now trading on an upfront basis only following the company's admission of accounting irregularities.
Fitch predicts global CDO market volatility to continue in 2003
Credit agency Fitch predicts that ratings volatility in the global collateralised debt obligation market is likely to continue this year, according to its latest report, ‘Global CDO Quarterly’.
BIS paper slams rating agencies
A new paper just published by the Bank for International Settlements' Monetary and Economic Department, titled 'Are credit ratings procyclical?' takes a critical view of rating agencies' activities.
Sumitomo capital raising sparks Japanese bank spread widening
Japanese bank credit protection spreads widened this week as a capital-raising exercise by Sumitomo Mitsui Banking Corp (SMBC) sparked renewed fears that banks were trying to shore-up capital reserves ahead of their year-end results.