Primus seeks edge in CDS protection market

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“There’s no-one else who really does what we do,” claims Thomas Jasper, co-founder and chief executive officer of Primus Financial Products, a synthetic credit risk investment firm in New York with $224 million in equity and other capital, which began trading in June. Jasper should know. He was chief architect of the interest rate swaps business at Salomon Smith Barney from its beginnings in 1983. He is also a founding member and was the first chairman of the International Swaps and

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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