Credit risk
Q&A Corry Bazley
Q-Wixx, a system developed by broker Creditex that automates the pricing and execution of lists of CDS, promises to improve efficiency and cut op risk for dealers and hedge funds. Q-Wixx's business development manager explains exactly how the system works
Now what for the credit market?
As confusion reigns in the global credit markets, we asked four top investment banks to put their cards on the table, and publish their medium-term outlooks. Report by Nikki Marmery
Brushfield Capital CDO
This month's deals are particularly deserving of mention given the recent market turmoil. We highlight Brushfield Capital's CDO, the Dalradian CLO and Gazprom's $1.25bn bond
The bear essentials
The recent subprime-related volatility has been an eye-opening - not to say eye-watering - experience for many. Now the foundations have been laid for a bear market come 2008
ABS/ABX: More than just a technical hitch
ABS/ABX market
Mortgage agencies: Accidental heroes
Mortgage agencies
The probability approach to default probability
Cutting Edge: Credit portfolio risk
Dealing with volatility
Sponsored event
Stocking up abroad
South Korea
Going downturn
There is much debate regarding the definition of 'downturn' loss given default (LGD). In this article, Michael Barco offers an analytic approach for calculating downturn LGD so that credit risk capital is not underestimated or overestimated
Rio's gamble
Commodities
Ahead down under
Basel II
Catching a credit cold
Comment
Berating agencies
Rating Agencies
Subprime contagion
Conduits
Berating agencies
Rising delinquencies in the US subprime mortgage sector have triggered a flood of downgrades by credit rating agencies. As a result, confidence in ratings has been shaken, and they have come under fire from investors and regulators. Is the criticism…
Lagging risk management
The rate of growth in the complexity of new derivatives products is causing a worrisome lag in risk management's ability to keep pace. As credit derivatives markets endure a period of stress, this lag could have serious consequences, argues David Rowe
Where change equals opportunity
Flux is a good thing if you know what to do with it. In changing markets that produce evolving opportunities, some of the hedge fund managers at Threadneedle Investments sat down in London recently, to discuss the challenges and opportunities the markets…
Eagle-eyed regulators make compliance and control allocators' key in loan market
loans/distressed debt
Demystifying the practice of synthetic CDO valuation
Nosheen Khan, vice president, structured credit valuations at Markit, examines the base correlation mapping methods for implying bespoke collateralised debt obligation (CDO) correlations from standard index tranche correlations