Credit risk
Merrill Lynch
profile
The cash-CDS disconnect
cash versus cds
The risk monitor
As systemic risk concerns resurface, Gerald Corrigan, co-chair of Goldman Sachs’ firm-wide risk committee, has revived an industry group formed after the LTCM debacle. By Navroz Patel
Isda looks to past and future
Members of the International Swaps and Derivatives Association celebrated two decades of derivatives achievements at the trade body’s twentieth annual general meeting in Barcelona last month.
Trading book proposals published by Basel Committee
Yesterday, the Basel Committee on Banking Supervision issued a paper outlining proposed capital requirements for banks’ exposures to certain trading-related activities—also known as the Trading Book Project. .
Hitting the spot
CDOs
Prudential bond sell-off fuels debate on returns
bond spreads
Investors back growth in sterling CDS market
sterling credit default swaps
Weighing up the risks and rewards of CDOs
Risk and reward
A question of structure
Tranching
New CDO applications
Innovations
The emergence of a CDO market
Birth of CDOs
The runaway success of credit derivatives
Introduction
Synthetic structures
Synthetic CDOs
Ethical bonds: a flight of fancy?
ethical investing
Rating the products
Rating agencies
Cash bonds and CDS diverge
cash versus CDS
A new target
Retail CDOs
Yield boost for CDOs
synthetic CDO market
The risk monitor
Profile