Structured products
Rates Markets Update: Swap flows increase on economic news
Dollar-swaps saw big flows this week following a US Treasury announcement on Monday that it plans to borrow $120 billion to cover its budget shortfall. Ten-year swap spreads had come in from 57.5 basis points at the start of the week to 52bp midweek,…
Credit Markets Update: Telecoms spreads continue widening
The cost of protection on European telecoms rose again today following the publication of a number of negative analyst reports. Traders at JP Morgan Chase in London quoted five-year credit default swaps (CDS) on France Telecom 20 basis points wider over…
Making sense of CDOs
Analytics systems
Private equity and hedge fund deals in the pipline
Fund-of-fund CDOs
Credit risk in asset securitisations: an analytical model
Cutting edge: Basel II
Private equity firms launch CLOs
New issuers
CDO war moves up a notch
Rating agencies
Hedge funds of funds may offer CDO opportunity, says S&P
Standard & Poor’s (S&P) today predicted that collateralised debt obligations (CDOs) of hedge fund of funds will be the next sector to fuel growth in alternative investments.
Hedge funds open to retail investors in HK
A new ruling by Hong Kong's Securities and Futures Commission (SFC) today will allow retail investors in the Special Administrative Region to buy hedge funds from the third quarter of this year.
Basel II SME solution close
Global banking regulators are optimistic they can resolve by mid-June the vexed question of the treatment of lending to small to medium-sized enterprises (SMEs) under the Basel II capital Accord.
Real-Time Risk Aggregation
Buy- and sell-side survey respondents say batch processing and poor reference data are hindering real-time, firm-wide risk assessments.
The future for Basel II
With Basel II delayed yet again, will revisions to the capital Accord happen at all? David Rowe says Basel I is the best argument for persevering, but any revisions must address regulatory arbitrage problems and take greater account of the full range of…
Revamping Corporate Actions
Dividend payments, stock splits, name changes, spin-offs and other corporate actions impacting securities already held in accounts were not supposed to be affected by T+1. But as the deadline for shortening the trade settlement cycle is challenging firms…
Gaining an edge from Basel
The recent recommendations of the Basel Committee are set to usher in a period of upheaval for many participants in the banking sector. Standard & Poor’s Anthony Albert looks at how to gain a competitive advantage in credit risk management in the light…
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
Switching on CLS
As the continuous linked settlement initiative prepares for a delayed launch later this year, firms that have been involved since the beginning outline how they hope to recoup and build on their investments.
Banging the drum
Investor relations
Consolidation fever
Utilities
iBoxx launches Xavex
News
Wotowicz says adieu to European HY
People news