Structured products
Banding together for SME credit risk analytics
Germany's banking associations are taking a leading role in getting the country's fragmented banking sector ready to comply with the Basel II capital Accord. Germany's savings banks association, in particular, says it has internal ratings-based systems…
Letter to the editor of Risk : a response to Cosandey and Wolf’s Avoiding pro-cyclicality
Much has been written on the proposed changes to the Basel Accord (Basel II), and we have been surprised that the vast majority of both academic and practitioner literature focuses on the prescriptive regulatory approaches and formulas to calculate…
Convergence Capital to launch first hedge fund
Convergence Capital, a newly formed hedge fund manager focused on Central and Eastern Europe and Russia, will go live with its first long/short equity fund Constar (Convergence strategic absolute return fund), in the next two to three weeks. The fund,…
El Paso exits energy trading
US energy company El Paso announced plans to quit the energy trading business today as continued problems in the sector led it to post a third-quarter loss.
Scor ousts chief but sees no let up in cost of credit protection
French reinsurer Scor - plagued by profits warnings and a deteriorating financial position - has ousted its chairman and chief executive, Jacques Blondeau, with immediate effect, replacing him with Denis Kessler of the French insurance association.
Sponsor's article > Credit derivatives: will the market keep expanding?
This article aims to give a brief overview of some of the main trends in the credit derivatives market and also proposes to analyse some of the underlying reasons why this market is experiencing such a boom.
Shifting sands in the CB market
Convertible bonds
Pinching the systems penny
Trading technology
Tied up in FASB’s knots
Corporate equity tools
Taking stock of SSFs
Single-stock futures
Under the microscope
Wealth management
US investors complacent about currency risk, says Merrill
A decade of US asset and currency outperformance has engendered complacency among US-based equity investors, according to Merrill Lynch’s foreign exchange strategy group.
Moody's publishes CDO hedge counterparty guidlines
Rating agency Moody's Investors Service today said it has published a series of guidelines outlining the steps by which a collateralised debt obligation (CDO) hedge counterparty can better detach its own credit risk from the CDO itself.
A rollercoaster ride
Foreign exchange
All power to PRDC notes
Forex structured products
Reacting to spreads
Credit derivatives
A cooling environment
Convertible bonds
A question of priorities
Basel Accord
Pooling the resources
Securitisation
Looking for alternatives
Hedge funds
Managing housing loan risk
Mortgage-backed securities
Tracing Transparency
Corporate bond traders are hesitantly embracing greater transparency and trying to figure out how to use it.
Budgeting for 2003
Deutsche Bank, Merrill Lynch and State Street outline how next year's budget will be spent. For starters, it will be spent cautiously.
Diversification of Morgan Stanley
One year after Sept. 11, Morgan Stanley contemplates a simple thought with complex repercussions: Don't put all of your eggs in one basket.