Structured products
Credit Markets Update: Telecoms hit as Qwest, Nortel contagion spreads
Credit default swaps on Qwest Communications rose to 900bp/950bp over Libor in the five-year, with a significant inversion on the swap curve, according to credit derivatives traders in New York and London. Qwest's problems led to default protection costs…
Floating towards disaster
Argentine peso risk
Towards the mainstream
Emerging forex modelling
Exotic FX pulse set to race
The forex business
Every currency counts
Overlay management
Convertible bond decline could impact credit derivatives
Falling valuations in the European convertible bond market during the last few months could lead to a decline in credit default swap values, as convertible investors seek to unwind their hedged positions.
Fannie and Freddie’s hedging rockets in 2001
Fannie Mae and Freddie Mac’s first detailed disclosure of their derivatives positions has revealed a dramatic increase in hedging activity by the two US federal-backed mortgage companies.
Will the latest delay sink Basle II?
Reactions to the latest delay in the Basle II banking accord timetable were mixed, with some bankers and regulators fearing the pact could unravel, while others were optimistic that the roadblocks to agreement would be cleared away.
SPE accounting proposal threatens CDO market
Proposed changes to US accounting standards for special-purpose entities (SPEs) could cause a dramatic decline in issuance of collateralised debt obligations (CDOs), analysts say.
Exposing exposures: how far will it go?
The Enron debacle has spurred investors and creditors to press for greater disclosure of corporate risk and hedging strategies. Companies are beginning to respond. How far will it go?
QIS3 survey delay puts back Basle II accord to 2006
Regulator determination to get a key survey of banks right was a major factor in the decision to postpone again the coming-into-effect of the complex Basle II banking accord until late 2006 from an undetermined date in 2005, banking regulators said in…
FASB reverses on loan commitments
The US Financial Accounting Standards Board (FASB) has ruled that undrawn loan commitments will not be subject to derivatives accounting rules and do not have to be marked-to-market – a victory for commercial lenders.
Credit adaptation
Credit insurance
Turn in cycle still elusive
Media Sector
Senior exit heralds DrKW trouble?
People news
Fiat: ‘unroadworthy’
Credit of the month
An end to easy money
Cover story
Desperately seeking corporates
Pension reform
