Credit markets
Mixed forecast
Structured products
Berating agencies
Rising delinquencies in the US subprime mortgage sector have triggered a flood of downgrades by credit rating agencies. As a result, confidence in ratings has been shaken, and they have come under fire from investors and regulators. Is the criticism…
Lagging risk management
The rate of growth in the complexity of new derivatives products is causing a worrisome lag in risk management's ability to keep pace. As credit derivatives markets endure a period of stress, this lag could have serious consequences, argues David Rowe
Steps to success
Risk Australia Rankings 2007
Tranche trauma
Correlation
Credit contagion
Editor's letter
Liberalising life
Taiwanese insurers
CESR publishes responses to the rating of structure finance instruments
Daily news headlines
Credit fears subdued by BoA investment in Countrywide
Dealers believe the $2 billion investment by Bank of America in troubled California-based mortgage lender Countrywide Financial helped ease credit worries during morning trading in Europe.
SIV-lite vehicles take massive hit from S&P
Rating agency Standard & Poor's (S&P) has made spectacular downgrades to two structured investment vehicle-lites (SIV-lites), which combine collateralised debt obligation structures with short-term funding common in SIVs.
Subprime rating actions spark EC review of agencies
The European Commission (EC) is planning an “intensive review” of credit rating agencies after the slew of recent rating actions on securities affected by poorly performing US subprime mortgages.
BNP Paribas adds in EM structuring
BNP Paribas has appointed Vlad Galea as head of Emerging Markets structuring in Europe, within Fixed Income’s Institutional Client Group (ICG). The role incorporates all structuring, with Galea reporting to Kara Lemont, European head of FX and Interest…
German contagion looms as funds buckle
The news that two structured loan funds are in need of emergency support has done nothing to calm fears over German structured product funds.
ABN's Brushfield completes first CDO
The principal finance arm of ABN Amro, Brushfield Capital, has completed its first collateralised debt obligation (CDO).
Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
SGAM AI’s new Ucits fund replicates hedge funds
SGAM Alternative Investments (SGAM AI) has launched a Ucits-III compliant mutual fund using the concept of the T-Rex (Total Return Exposure) strategy, which replicates synthetically the performance of the Hedge Funds Research (HFR) Index. This is…
Diederich leaves Credit Suisse for hedge fund
Stephane Diederich will join hedge fund manager Brevan Howard on September 19, after 13 years at Credit Suisse, which he leaves as managing director, head of equity derivatives product management. Diedrich joins Brevan Howard as a partner tasked with…