Emerging markets
Mardig Haladjian
With more Islamic institutions looking for ratings, the general manager of the financial institutions group at Moody's in Cyprus explains how the agency rates these names versus conventional credits
South Africa New beginnings
Regional Focus
Payback time for Latin America
Brazil and Argentina have repaid in full the debt owed to the IMF. But while Brazil seemed grateful for the loan, Argentina's president made a bridge-burning speech attacking the Fund's policies. Josh Goodman looks at the two nations' economic outlook
Ready for take-off
Exchange profile: TurkDex
Emerging asset classes
Structured Products
Financing the oligarchs
Corporate finance
Playing it safe
Regulations
A giant step for equity
China
Australia - High yield boosts growth
A landmark deal from Tabcorp in 2004 marked the emergence of the high-yield bond market in Australia, while the rebalancing of the UBS Composite Bond Index to include lower-rated credits is also fuelling growth, writes Alan McNee in this month's regional…
Emerging markets
Introduction
Oprisk management can prevent financial crises in emerging markets, says EMG
Integrated management of operational risks can help prevent financial crises in emerging markets, according to the Emerging Markets Group (EMG), an international development consulting firm that promotes risk-based supervision of financial institutions…
An emerging force in CDS
emerging markets
Emerging market banks are catching up on op risk management
Banks in Asia and Latin America are increasing efforts to catch up with their European and North American counterparts in developing high-quality operational risk management programmes, according to Ali Samad-Khan, president of the newly formed…
Basel II realities kick in for emerging markets
The emerging markets might find compliance with the new Basel Accord a struggle, but ambitions are high. And the pressure is on for regulators to be seen to be adopting Basel II within the international community.
Emerging nations consider Basel II
Latin America will be the non-OECD continent with the highest percentage of banking assets under the various Basel II op risk approaches according to a new study completed by the Financial Stability Institute.
Emerging slowly to Basel
Financial institutions in emerging markets are overly optimistic that they will implement Basel II on time, according to a survey conducted by the World Bank. The results were announced at the World Bank advanced risk management workshop in Washington,…
Emerging issues
emerging markets
Haircut or fleecing ?
argentina
Riding the wave
emerging markets
Sibling rivalry
argentina
Aon warns of risks of investing in emerging markets
Companies must concentrate on understanding the political and economic risks of investing in the emerging markets, warns Aon, the Chicago-based insurance and risk management consulting firm.
Calculating transfer risk using Monte Carlo
Marco van der Burgt constructs a model of emerging market transfer risk based on a country’s foreign exchange reserves that is combined with facility-dependent risk factors that determine counterparty exposure in the event of a moratorium. He then…
Sovereign overhaul
The International Swaps and Derivatives Association (Isda) has released its first master confirmation agreement to standardise the trading of credit derivatives referenced to sovereign issuers.
Emerging markets to suffer unique Basel II compliance problems
Implementation of Basel II "is a tall order for most emerging markets", said Zeti Akhtar Aziz, governor of the Bank Negara Malaysia at the 12th annual Central Banking Conference in London yesterday.