Credit markets
Financials dominate CDS trading again
Credit default swap (CDS) trading activity in the US focused on the financial sector in October, according to a release by New York-based broker GFI Group.
All dried up
Liquidity risk
Ratings figure
Monolines
Not so bullish
Spain
Cutting the Gordian knot
Basel II remains wedded to incremental extensions to the market risk rules. It is time for a bolder approach in this area, argues David Rowe
Marking to mayhem
Market ups and downs have produced a roller-coaster ride for mark-to-market valuations of structured credit. Funds have responded by suspending net asset value calculations, arguing it is impossible to fairly value assets held by them under present…
How to heal a paper cut
London-based hedge fund manager Solent Capital hit the headlines in August after its SIV-lite, Mainsail II, became a victim of the liquidity squeeze in the commercial paper market, and was forced to wind down. However, the manager is looking to take…
Movie Gallery in credit event auction
Troubled US video store chain Movie Gallery has seen the price of its loan derivatives fixed at 91.5% following a credit event auction.
An outlook on own funds
GDV Comment
Solvency II - Its impact and implications
GDV Sponsored Roundtable
Merrill Lynch reports $5.6 billion losses on FICC business
Merrill Lynch has reported $5.6 billion losses for its fixed-income, currencies and commodities (FICC) business in its third-quarter 2007 results.
Merrill writedowns throw light on risk management
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