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CPDOs: the real driver of the credit rally?
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Credit Suisse fills gap left by Bennett
Following Jeremy Bennett’s decision to take a sabbatical from his role as head of structuring, co-head of European fixed income and co-head of emerging markets at Credit Suisse, the bank has moved several other senior staff.
FSA cautions higher correlation may increase risk
Increasing correlation across asset classes and geographies has heightened the risk of a rapid widening of spreads and a decline in some asset classes, according to the UK’s Financial Services Authority (FSA).