Opinion
Where the buck stops
Risk management units alone cannot avoid the damage from periodic bouts of irrational exuberance. That responsibility lies with the chief executive, argues David Rowe
Editor's letter
Editorial
Legal Spotlight
In the second of a two-part article, Laurence Pettit, partner at Baker & McKenzie, discusses recent credit rating agency reforms and asks whether they go far enough to restore confidence in what many people regard as a flawed system
Market Graphic - Credit spreads
Suki Mann, credit strategist at Societe Generale, argues that the confluence of economic conditions presents a unique opportunity to add risk - but be selective
Column - Amy Falls
With the markets grinding to a halt, now is the time for investors to show discipline and observe the three golden rules of liquidity management
Talking point - Structured finance CDO downgrades
In October one rating agency downgraded over $10 billion in US structured finance CDOs. Against a backdrop of further negative rating actions, Credit sought reaction from market participants
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Gavan Nolan, credit analyst at Markit Group in London, looks at credit indices
Column - Jonathan Laredo
Banks are feverishly trying to repair their wrecked balance sheets, and until they have the confidence to re-enter the market there will be an imbalance of buyers and sellers
The elixir of finance
Editor's Letter
Una buona idea
Commento
CCDS unchained?
In October, David Rowe argued that contingent credit default swaps offered only limited potential for active counterparty credit risk management. The convergence of several factors could change that
Pressure point
Editor's letter
Editor's Letter
Editorial
A devil in disguise?
Comment
Apocalypto Now
A misguided trust in models to predict likelihood of default lies at the heart of this instability, reckons Nigel Sillis