Structured products
No strings attached
louise purtle
Diamond
cover story
On the Fritz
martin fridson
The one-year lag
market graphics
Junkyard challenge
telecoms
Slowdown in the pipeline
bond supply
Two of a kind?
Equity default swaps
Hedge funds’ swift exit
Comment
The iconoclast of Brooklyn
Profile
Editor's letter
comment
Downgrade/upgrade ratio improved, Moody’s reports
The ratio of downgrades to upgrades declined sharply in 2003, although rating volatility was still above its long-term historical average, said rating agency Moody's Investors Service.
Daiwa Securities SMBC launches first rated CDO of EDS
Japan’s Daiwa Securities SMBC has launched a CDO of equity default swaps (EDS), making it the first pure EDS portfolio to be rated globally.
Understand qualitative aspects of operational risk first, says DTCC
The qualitative aspects of operational risk must be understood before focusing on the quantitative measurements of operational risk capital, according to Eileen Robbins, vice-president for operational risk management at the Depository Trust and Clearing…
The science of compliance
The Sarbanes-Oxley Act is placing urgent demands on many US companies for accurate reporting of financial information. Clive Davidson reports on the implications for financial technology.
UK regulator clamps down on structured product selling
The UK Financial Services Authority (FSA) is set to finalise tough new guidelines for marketing retail structured products this month, as it moves to strengthen oversight after 2003's 'precipice' bond controversy, which saw Lloyds TSB fined almost £2…
Sibling rivalry
argentina
A complex framework
Many Japanese financial institutions now conduct their derivatives business through their securities firms, but there are a number of legal risks in using a securities dealer as a derivatives trading entity, writes Tan Ser Kiat of Denton Wilde Sapte…