Credit markets
DBS in new synthetic deal
New Angles
High-Grade Autos
Credit awards 2002
Asset-Backed/Mortgage-Backed Securities
Credit awards 2002
High-Yield Industrials
Credit awards 2002
Asset-Backed/Mortgage-Backed Securities
Credit awards 2002
Asset-Backed/Mortgage-Backed Securities
Credit awards 2002
Credit Strategy
Credit awards 2002
Asset-Backed/Mortgage-Backed Securities
Credit awards 2002
Regulators must guard against a meaningless Basle II accord
BASLE II UPDATE
The Basle II capital accord: op risk proposals in brief
BASLE II UPDATE
A cost/benefit approach to Basel II
The cost of implementing Basel II could put banks at a competitive disadvantage compared with non-banks, and spur them to ‘de-bank’ to avoid this regulatory burden. Harry Stordel and Andrew Cross say regulators must look at the provisions from a cost…
Nine billion ways to be snowed
Emanuel Derman separates real tools from passing trends in the risk management vocabulary. This article is adapted from his talk on Future Innovations in Risk Management, presented at the April Risk 2002 Conference in Paris
The benefits of Enron
Many corporations are keeping a low profile when it comes to their derivatives use. But when the Enron-related witch-hunts are over, companies may find that insurers and shareholders now view corporate hedging as a fiduciary duty
A slow evolution
Credit risk
Credit Markets Update: Spreads volatile in Fiat and France Telecom
Five-year credit protection levels for debt-heavy Italian industrial conglomerate Fiat bounced from 360 basis points-mid on Monday, to 405bp on Tuesday, to 355bp by today’s end, according to data from credit derivatives broker GFInet. Traders said the…
S&P: compromises could lead to “meaningless” Basel II
Global banking regulators must take great care to ensure the Basel II capital Accord isn’t overly weakened or even rendered meaningless by compromises over conflicting national interests, credit rating agency Standard & Poor’s (S&P) said in a report…
Asian investors look to structured credit
Low interest rates and tight credit spreads are fuelling an interest for structured credit products in the Asia-Pacific region, according to bankers. And a variety of structured and hybrid products are now being marketed to Asian investors there.
Credit Markets Update: Telekom bond re-pricing rumours pull in telco spreads
Rumours of heavy over-subscription and a possible re-pricing on Deutsche Telekom’s forthcoming €5 billion bond issue caused five-year credit default swaps on Germany’s main telecommunications company to tighten 10 basis points today to 220bp/230bp. The…
Asset managers point to growing importance of credit derivatives
Dutch asset manager Robeco and London-based Cheyne Capital Management say knowledge developed through managing synthetics is allowing them to use credit derivatives more extensively. Both have new synthetic collateralised debt obligations (CDOs) in the…
Primus lures in Swiss Re’s Schaumann plus other key staff
Hilmar Schaumann, a senior credit derivatives trader for Swiss Re in New York, has quit the firm to join Primus Financial Products, a wholesale provider of credit risk protection.
Structured vehicle link to fund of funds to widen client base
CDOs have been restructured for the fund of hedge fund market