European Union (EU)
Investors concerned over German banks' exposure to southern Europe
Investors and economists have identified German banks’ exposure to Europe’s indebted peripheral sovereigns as a potential risk to state finances.
European derivatives draft to be published for consultation within days
EC derivatives legislation set to be far more detailed than US financial reform bills, and open to industry comment before final adoption.
Contagion fears drive volatility
The takeover of a Spanish savings bank last month and rumours of funding difficulties at the country's financial institutions spook investors
Lack of co-ordination contributes to European market sell-off
The Bafin decree on short selling in May signalled a lack of agreement by European regulators, say participants
Risk roulette on eurozone scenarios
The European Union and International Monetary Fund agreed a €750 billion emergency loan package in early May, aimed at averting a sovereign default and wider crisis across the eurozone. Nonetheless, banks have been preparing for the worst, stress testing…
Self-referencing CDS risk?
Ballooning credit default swap spreads on European sovereigns have encouraged some market participants to sell credit protection on their own country. But how much is this protection really worth, and could this selling contribute to systemic risk? Mark…
FOA: Details of new infrastructure derivatives rules expected shortly
European Union regulators to clarify controversial new derivatives and central clearing rules in a new regulation rather than previously intended directive, avoiding lengthy and politically sensitive procedure
German economic strength 'a fallacy': Charles Dumas interview
The Lombard Street Research chairman tells Credit the German economy is far weaker than has been supposed.
Third countries dominate AIFM negotiations
The question of how to deal with funds and managers based outside the European Union (EU) is proving the main dividing point in negotiations over the alternative investment fund managers (AIFM) directive.
Where next after May's month of mayhem? Rob Davies column
It seems that the European authorities are powerless to restore confidence to the financial markets, and the prospect of a double-dip recession is looming closer.
Debt-ridden Spain and Portugal face new threats to credit status
Clouds are gathering over the Iberian peninsula. Attention is shifting from Greece, given temporary respite by the EU-IMF bailout, to Spain and Portugal as fears mount over their fiscal deficits and spiralling unemployment figures.
Eurozone sovereign CDS blow out after Spain ratings downgrade
Wider sovereign debt insurance costs follow Spanish ratings downgrade and falling equity prices
Eastern Europe credit investors turn their backs on the Balkans and head for CIS, Poland and Czech Rep
Events in the Eurozone have put the brakes on eastern Europe’s strong recovery from the financial crisis, but bond investors continue to identify opportunities in the region, particularly amongst the larger economies.
High yield may suffer after government stimulus withdrawal: Jeff Burch profile
The co-head of credit at Investec Asset Management says double-B companies may struggle if economic growth stalls after governments pull the plug on their stimulus measures.
Doing it for the Kid
If someone could create a short form document of three or four pages that could alert retail investors to the proceeds and pitfalls of a structured product, then regulators could relax, investors could do their own simple risk-reward analysis and product…
CDS spreads tighten for eurozone debt crisis countries
Fall in cost of insuring eurozone sovereign debt follows a volatile week
Quiet morning trading on the CDS market after dramatic moves
CDS spreads' volatility earlier in the week over for now
Six Swiss Exchange CEO: Markets need 'single set of eyes'
More data sharing needed to empower local regulators, says Six’s Katz
FX volatility creates headaches for bond investors
Investors shift allocations to US dollar products as euro sinks.
CDS spreads tighten marginally across the eurozone
Eurozone sovereign debt insurance cheapens
Brough: Europe could ultimately benefit from euro collapse
Schroders’ Andy Brough believes an eventual collapse of the euro would not be the Doomsday event many fear and could be the best scenario for many nations on the Continent.