Risk magazine
Credit market complacency
The structured credit market has come under the scrutiny of regulators fearful that a credit downturn will bring significant systemic risk to the global financial markets. Participants in the credit derivatives market are, for the most part, nonplussed…
The evolution will be analysed
Structured Products
A gathering storm?
US default rates for high-yield bonds have remained surprisingly low over the past three years. Some argue this indicates that the world has changed, but we have heard this story before, argues David Rowe
Risk Awards 2007
Risk Awards 2007
Leveraged loan CLOs greatest source of risk in 2007
Leveraged loan collateralised loan obligations (CLOs) will pose the greatest risk in 2007, according to a gathering of investors and arrangers at a Moody’s conference in London yesterday.
BIS announces a fall in banks’ derivatives positions
The positive market value of banks’ derivatives positions fell by $214 billion in three months last year, as banks became warier of leverage.
Deutsche Börse to co-operate with Korea Exchange on derivatives
Frankfurt-based Deutsche Börse Group, which owns 50% of Eurex, has signed a memorandum of understanding with the Korea Exchange.
S&P outlines sharia index plans
Standard & Poor's (S&P) newly-launched sharia stock indexes have had a quiet reception from the market since their launch last month, but the rating agency is confident that a range of sectoral indexes will be more successful.
Calyon names Chien as Taiwan capital markets head
Calyon has named Eric Chien as head of capital markets for Taiwan.
Moody's: Basel II fuelling growth in collateralised debt
Basel II was a “key driver” behind over €100 billion of collateralised debt issuance in Europe, the Middle East and Africa during 2006, according to rating agency Moody’s. Collateralised debt issuance in the region increased by 78% from 2005.
CBOE prepares for demutualisation
The Chicago Board Options Exchange has moved to demutualise the option exchange this year.
New president for Nybot
The New York Board of Trade, a subsidiary of the Intercontinental Exchange (ICE), has appointed Thomas Farley as president and chief operating officer.
Nasdaq extends bid for LSE
The New York Nasdaq exchange has extended the deadline for London Stock Exchange shareholders to accept its takeover offer, but has refused to raise its bid.