Structured products
Government bonds are supported by low rates
Rapid movements in credit spreads have created opportunities
Short but sweet
Although much criticised after 11 September, shorting is gaining in popularity and the FSA is looking into its impact in the UK
Pondering structural change
Alternative investing systems
Correlation and credit risk
Active development of full credit portfolio modelling continues apace, even though it is not recognised in the proposed Basel II framework.
Buy-side demands unmet, says survey
Buy-side foreign exchange clients want better service and communication from their sell-side counterparts, according to a survey made public last week.
German focus: Trouble below deck
Despite weathering a number of storms over the past decade, notably reunification and monetary union, the German economy is facing a new threat.
Basel experts agree asset securitisation treatment
LONDON – Global banking experts have agreed proposals for treating the credit risks for banks of asset securitisation under the complex Basel II capital accord.
LCH’s SwapClear signs up new members
The London Clearing House (LCH) has signed up JP Morgan Chase, ABN Amro and Commerzbank Securities as new members for SwapsClear, its interbank interest rate swap trading service.
Aima publishes sound practice hedge fund guide
The London-based Alternative Investment Management Association (Aima) and industry participants in the European hedge fund industry have published a guide to sound practices for European hedge fund managers.
Rating agencies divided over Aquila’s credit-worthiness
The two major rating agencies are divided over their assessment of troubled energy company Aquila, with Moody’s cutting its rating to junk and Standard & Poor’s (S&P) maintaining its investment-grade standing.
Moody’s downgrades Aquila, as project BBB+/Baa1 backfires
Moody's Investors Service yesterday lowered Aquila’s senior unsecured debt rating to non-investment grade with a stable outlook, from Baa3 to Ba2. The troubled Missouri-based energy company had hoped to maintain its investment grade rating, exiting the…
Small but mighty
Introduction
Job moves
QUOTE OF THE MONTH: - “Regulatory fear is creating a lot of uncertainty, and that fear does impact the financial markets” Jennifer Patterson, energy trading manager at Edison Mission Energy in Australia, arguing at the Australia Risk 2002 conference last…
Trying to grow
Credit derivatives
Creative solutions for unique problems
Credit risk
Freezing out the competition
Nord Pool
Red hot in the frozen North
Hedge funds
Going out on a limb
OM Group
Sweden’s swap philosophy
End-user profile
Brummer & Partners: a dominant force
Hedge fund profile
Experts expect to finalise Basel II securitisation issues this week
LONDON – Technical experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II accord aimed at making the world’s banking system safer – the technically thorny question of how to treat…
Basel II securitisation issues conclusion expected this week
Experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II Accord aimed at making the world’s banking system safer – the technically thorny question of how to treat the credit risks for…
Greenspan defends Fed’s role in tech bubble
The US Federal Reserve’s chairman, Alan Greenspan, claimed that it is far from obvious that a bubble, even if identified early, can be pre-empted by a central bank without inducing a substantial contraction in the economy, but conceded that better models…
FSA releases details of landmark market manipulation legal judgement
The UK's Financial Services Authority (FSA) has released details of a legal judgement that repudiates a novel human rights defence attempted by an ex-JP Morgan equity derivatives trader accused of market manipulation.