Risk Awards 2020: ADB guarantee cuts swap costs by 500bp, opening the door for a $1.4b forex hedge
In this paper, the rules of selected major CCPs (LCH, CME, Eurex and ICE) are reviewed for both their end-of-waterfall procedures and the rights granted to clearing members in end-of-waterfall scenarios.
Domestic and foreign lenders reassessing loan books and tweaking hedging strategies
This paper investigates the risk engendered by maturity mismatches.
Deal of the year: Arqiva/HSBC
Rich Farley joins from rival, Cahill Gordon & Reindel
With a debt maturity wall looming, issuers should not assume good access to markets today will still be available next year, said participants at a press conference in London
Charles Maulino, head of global energy & commodities coverage, Asia-Pacific at Natixis, speaks exclusively with Lianna Brinded about the evolution of energy and commodities financing and hedging strategies
The essential ABS
Refinancing risk dwarfed by Solvency II’s impact on insurer appetite for corporate debt
Any withdrawal of liquidity by the ECB at year-end would cause major uncertainty, say bankers
Corporate bond issuance plummeted in May, with issuers and investors wary of the effects of the ongoing sovereign crisis on the credit markets. Faced with an unprecedented refinancing wall, it may be high yield borrowers who suffer most.
Refinancing risk increases for Spanish banks as credit default swap (CDS) spreads widen dramatically for a third day running.