Structured products
Rising above it?
Merrill Lynch's decision to ditch its collateralised debt obligation portfolio in July has been spun as a brave attempt to draw a line under its structured credit losses. But how good is the deal, and does it represent a template for other firms…
Tools of the traders
Technology
The capital ratio conundrum
Regulatory capital
Wary of the IRC
Basel II
Spain reigns
BBVA's chief risk officer, José Sevilla Alverez , talks to Rob Davies
Expect the unexpected
Stress testing
Don't follow the herd
Quant funds
A balancing act
Off-Balance-Sheet Vehicles
Valuing hard-to-value assets
In this Class Notes article, Charles Smithson considers some of the lessons learned from the recent credit crisis. In particular, he reflects on the difficulties faced by many institutions in valuing illiquid structured finance instruments, and makes…
How secure are ratings?
Basel II
Breaking down
Correlation