Credit default swaps index
CDS market structure transformed – BIS
Inter-dealer trades have retreated as CCP dominance grows
Lord Abbett turns to Deutsche for CDSs
German lender increases share of fund's CDS portfolio
Asian administrators in denial on EU benchmarks regulation
Non-EU benchmarks have until 2020 to comply, but swaps contracts may need to change immediately
Monthly swaps data review: credit volumes peak in June
Global cleared credit derivatives volumes reached $1 trillion before ebbing in July
TLAC-driven CDS index change tipped for September
UK and Swiss bank Holdco CDSs likely inclusions in next iTraxx index roll, say strategists
Fears that bumper coupon could skew iHeart CDS payouts
Market pushes for change to auction date amid fears of reduced single-name and index CDS payouts
Auditors: the extra line of defence
If CDS skew spikes, some banks may be thankful for conservative accountants
Skewed views: banks, auditors split on CDS index trades
Views on risks and accounting treatment of arbitrage repack differ across the Street
Buy side turns to credit skew notes for yield pick-up
Revival of credit derivatives arbitrage strategy targeted at insurers and private banks
Dealers warm to all-to-all CDX trading
Liquidity providers new and old want to build on Bloomberg Clob activity
Markit unveils new CDX index rules
Up to 10 new names from under-represented sectors could be added to high-yield CDX index
Ice credit swap futures off to a slow start
Credit investors see "no need" for contract; Ice hopes other players will see appeal
After three months, Ice CDS index future has less than 70 open contracts
Launched with a fanfare earlier this year, trading in Ice’s new credit index future has since stalled. Critics say it is dead, but its backers argue it is too soon to write the contract off. Peter Madigan reports
Brokers lose index CDS volumes to new Tradeweb platform
Over $600 billion in index CDS volume switches to new venue where dealers guarantee liquidity to each other
Best in the Nordic region
Best in the Nordic region
JP Morgan and the CRM: How Basel 2.5 beached the London Whale
It’s the untold story of JP Morgan’s credit trading losses – how traders were able to reduce risk-weighted assets while loading up on risk, and the part played by Basel 2.5. Michael Watt reports
Risk 25: How Basel III is turning borders into barriers
Turning borders into barriers
Attempts at CDS portfolio margining in regulatory limbo
Dealers worry about the impact on liquidity unless single-name and index trades can be margined together
JP Morgan loss was bungled attempt to cut Basel III RWAs, says Dimon
Loss-making unit's RWAs would have tripled under Basel III, JP Morgan chief executive says - but attempting to cut capital burden made its hedges more complex
S&P Indices partners with Isda to assess credit quality of US and European banks
S&P Indices launches equally weighted proxies that measure the quality of US and European banks in conjunction with Isda, the trade body for the global OTC derivatives industry
Hedging spurs growth in credit swaptions
Market jitters and lower bid/offer spreads promote growth in credit swaptions
Correlation funds pitched following hedging woes
Credit managers are expanding strategies playing on changes in correlation and relative value, which were calamitous for the hedging strategies of some dealers and investors during July and August.
LCDX index tranches trade today
CDS IndexCo, a consortium of banks, and London-based data provider Markit have launched tranches on the LCDX North America index of loan credit default swaps (LCDSs).
Isda publishes protocol for new US LCDS
The International Swaps and Derivatives Association has published a protocol to roll old US loan credit default swap (LCDS) trades to the new industry standard, which was adopted in May.