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Recovery swaps trading on the rise
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People
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Dealers work to meet deadlines
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New auction to solve settlement woes
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Delphi default prompts CDO shake-up
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IAIS focuses on risk transfer
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CCB joins EBS currency trading platform
China Construction Bank (CCB) has signed up as a customer of the currency trading platform EBS.
Isda rejects call for more hedge fund oversight
The International Swaps and Derivatives Association today protested against calls from UK authorities for closer oversight of hedge funds, saying the market could be trusted to manage its own risk.
Isda amends Delphi index protocol
The International Swaps and Derivatives Association has amended the Delphi credit default swap index protocol, which was opened and closed only yesterday.
HSH Nordbank closes second ship loan securitisation
HSH Nordbank has closed its second ship loan securitisation deal, named ‘Ocean Star 2005’. The German bank, based in Hamburg and Kiel, used a private placement of structured notes to transfer the credit risk of a ship loan portfolio worth about $570…
Quantifi integrates Markit's CDS pricing into models
New Jersey-based credit risk analytics specialist Quantifi has integrated Markit’s mark-to-market credit default swap (CDS) pricing into its credit models.
Isda opens Delphi index protocol
The International Swaps and Derivatives Association has opened its Delphi CDS index protocol, aimed at speeding up cash settlement of credit derivatives involving the bankrupt US auto parts manufacturer.
AIMA says hedge funds do not need tighter regulation
Responding to the UK Financial Services Authority's (FSA) recent discussion paper on hedge funds, the Alternative Investment Management Association (AIMA) has said that no evidence has been offered to suggest that hedge fund managers are likely to cause…
Risk's CreditRisk Summit 2005: Bottom-of-the-cycle LGD criticised
Speaking yesterday at Risk 's CreditRisk Summit USA, Bogie Ozdemir, a New York-based senior director in the risk solutions group at Standard and Poor’s, argued that Basel II’s suggested approach to defining loss-given-default (LGD) can lead to an overly…
Thomson launches online CDS market-place
US market operator Thomson TradeWeb has opened its TradeWeb CDS online credit default swap market-place for business, with eight dealers already members.
TriOptima tears up $720 billion of Delphi-related CDS
Stockholm-based TriOptima has executed a further credit default swap (CDS) termination cycle, tearing up more than $720 billion contracts involving the troubled Michigan-based auto-parts maker, Delphi.
Sponsor's Event> Algo Capital and Credit Forum 2005
Basel II and today’s market landscape make it essential for financial institutions to manage risk and capital in a systematic and transparent manner across the enterprise.
Energy trading helps JP Morgan post record results
Energy-trading revenues played a big role in bringing JP Morgan a 2005 third-quarter net profit of $2.5 billion, up from $1.4 billion in 2004. This was on the back of third-quarter net revenues of $15.6 billion, up from $13.6 billion in the same period…
Isda Delphi protocol in the works and bond auction scheduled
The New York-based International Swaps and Derivatives Association is creating a protocol to facilitate the settlement procedure of credit derivatives index and tranche contracts that reference Delphi, the Detroit-based auto supplier dealer that filed…
US regulators issue Basel I improvement ANPR
US federal banking agencies have issued for public comment proposed changes to that country’s domestic risk-based capital framework. The advance notice of proposed rulemaking (ANPR) will apply to banks, bank holding companies and savings associations.
Insurance supervisors issue guidance on risk transfer
The International Association of Insurance Supervisors (IAIS) has issued a guidance paper on risk transfer. The guidance – officially adopted today at the association’s general meeting in Vienna - details potentially problematic areas on which national…
BlueBay names Khein as new COO
London-based BlueBay Asset Management has appointed Alex Khein as chief operating officer, a newly created position.
JP Morgan goes live on T-Zero
JP Morgan went live on T-Zero’s post-trade processing platform for credit derivatives on Monday. It is the first dealer to join the platform since Goldman Sachs initially used the technology after its trade with KBC Alternative Investment Management on…