Credit markets
Spike in equity volatility causes pain
A spike in equity volatility last month has caused anxiety among equity derivatives dealers, many of which were short volatility, and raised fears that a prolonged increase could generate hefty mark-to-market losses in equity derivatives trading books.
US regulators encourage loss-mitigation strategies
Six US regulatory agencies have called for more loss-mitigation strategies to prevent homeowner defaults on mortgages. In a joint statement released yesterday they said that all regulated financial institutions that service mortgage loans should take…
Latin American securitisation thrives
Securitisation in the Latin American market has grown over the past five years, but the market is still in its infancy, according to the latest Bank for International Settlements (BIS) quarterly review.
Credit funds: Behind the rhetoric
As fund after fund succumbs to emergency measures to halt redemptions, shore up funding or sell off structured credit assets, the terms used to describe them are too often blurred and confused.
Collateral damage?
credit
ETFs bear fruit
Pension funds
Whither the benchmark?
Benchmarks
Clean coal : green and lean
With the economic benefits of emissions offsets, clean coal is poised to move from a government-subsidised to a commercially viable industry, as Catherine Lacoursière reports
Q&A Corry Bazley
Q-Wixx, a system developed by broker Creditex that automates the pricing and execution of lists of CDS, promises to improve efficiency and cut op risk for dealers and hedge funds. Q-Wixx's business development manager explains exactly how the system works
The Big Interview: Joseph Mason
The Big Interview
Now what for the credit market?
As confusion reigns in the global credit markets, we asked four top investment banks to put their cards on the table, and publish their medium-term outlooks. Report by Nikki Marmery
Rating agencies in the firing line
Rating agencies
Brushfield Capital CDO
This month's deals are particularly deserving of mention given the recent market turmoil. We highlight Brushfield Capital's CDO, the Dalradian CLO and Gazprom's $1.25bn bond
Back to Basics Fund-linked notes
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Peter Green and Jeremy Jennings-Mares look at fund-linked securities
The bear essentials
The recent subprime-related volatility has been an eye-opening - not to say eye-watering - experience for many. Now the foundations have been laid for a bear market come 2008
ABS/ABX: More than just a technical hitch
ABS/ABX market
Mortgage agencies: Accidental heroes
Mortgage agencies