Credit risk
Transition Management Forum Asia 2011: Asset owners warned that fixed income transitions require different skill sets
Fixed-income investments are becoming increasingly popular in Asia, but less transparency in secondary fixed-income market trading compared with traditional equities means institutional investors need to pay particular attention to the ability of service…
Rate me up, before you go-go: Caveat Lector column
Rate me up, before you go-go
Lehman administrators win CLN case in Korea
Seoul District Court dismisses efforts by Korea Investment & Securities to claim payment from Lehman Brothers International related to the Korean company's purchase of credit-linked notes in November 2006.
€100 billion of caja loans could go bad: Bank of Spain
Bank of Spain releases details of savings banks’ exposures to real estate sector, levels of provisions; says reforms have addressed slew of underlying problems
ECB overnight lending rockets to 19-month high
Banks’ borrowing from the European Central Bank’s marginal lending facility climbs to $21 billion on Wednesday; sudden move has sparked speculation on bank troubles, analysts say
Isda working group to draw up new, standardised CSA
Derivatives market set for shake-up as confusion over how to price multi-currency CSA trades drives a push towards a standardised collateral agreement
Moody's lead analyst warns of growing risk of negative rating action for US
While dollar's status as reserve currency makes imminent downgrade unlikely, that may change if US government fails to implement credible debt reduction plan, says lead sovereign analyst at Moody's.
Bank amends collateral rules for sovereign debt
Revisions adjust ‘narrow’ and ‘wide’ bands for eligible collateral; change is for liquidity reasons
Counterparty risk management at Asian asset managers found wanting
Institutional investors in Asia have some way to go to meet on-going regulatory requirements as set out by Dodd-Frank, the European Commission and other initiatives aimed at mitigating risks inherent with over-the-counter derivatives, a BNY Mellon survey…
The art of securitising CVA
Securitising CVA
Confusion over CCP default fund charge
CCP charge confusion
KfW now using two-way CSAs, dealers claim
Several sovereigns, supranationals and agencies are considering following Portugal’s lead and posting collateral to derivatives counterparties, say dealers
Greek CDSs plummet on loan extension rumours
Meanwhile Egypt’s credit rating downgraded by Moody’s to Ba2.
Vietnamese banks hit by Vinashin default
Flood defences
Eurozone CDSs widen, but no loss of market confidence, says Fitch
Report says EMU credit default swap volatility due to lack of certainty over future debt market conditions
Users of OTC derivatives are not prepared for regulatory onslaught
The raft of new regulations on OTC derivatives will be problematic for buy-side firms, says new report
IMF uneasy on nagging weakness of eurozone’s banks
Fund’s Global Financial Stability Report and World Economic Outlook updates show concern over insufficiency of eurozone stress tests, links between banking and sovereign risks
CDS market reacts badly to Spanish bank plan
Credit default swaps (CDS) on Spain widened today, after yesterday's announcement of plans to bolster the country's banking system.
Eurozone peripheral CDSs keep tightening
CDS spreads on eurozone peripheral sovereigns continued their downward trend today
European government borrowing to 9.2% decline in 2011, says Fitch
A new report from Fitch Ratings suggests Europe's public finances are on the mend, reducing pressure to borrow in 2011
CDS spreads continue to fall across eurozone periphery
The cost of swaps protecting against a state default of eurozone peripheral states continued to decline today.
Risk perceptions of Allied Irish Bank rise over weekend
Credit default swaps on the troubled Irish bank widen by four percentage points
CDSs on eurozone periphery fall for third day
In the wake of Portugal’s successful bond auction of almost €1.25 billion yesterday, credit default swaps (CDSs) on eurozone sovereigns continue to trade down