The road to a quality Street

The Lehman Brothers bankruptcy was unprecedented in US structured products history and brought the burgeoning market to its knees. After capitalising on certificates of deposit, there are indications that investors may be recovering their poise. Richard Jory talks to providers and distributors, as well as lawyers and the US trade association about life one year on from the bank’s demise


Structured Products: How sensitive are investors to an issuer’s credit rating a year after the Lehman Brothers bankruptcy?

Richard Couzens, head of product origination, investor solutions at Barclays Capital: Investors remain sensitive to issuers’ credit ratings and are more aware of the associated credit risk related to their investments. However, general levels of risk aversion have eased, related to a sense of stabilisation in the economy. March 2009 is recognised as the inflection point.


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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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