Opinion/Regulation
CCDS unchained?
In October, David Rowe argued that contingent credit default swaps offered only limited potential for active counterparty credit risk management. The convergence of several factors could change that
Editor's Letter
Editorial
A devil in disguise?
Comment
Legal Spotlight
In the first of a two-part article, Laurence Pettit, a partner at Baker & McKenzie, argues that credit rating agencies are not the malign influence that some would portray them as; rather they are a product of a regulatory regime that gave them the space…
Back to Basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Mel Mitchley, industry relations director at Callcredit, looks at the credit search market
Market Graphic - Fed rate cuts
Stephen Gallagher, chief US economist at Societe Generale, looks at whether Fed rate cuts will succeed in calming the troubled waters of the US economy
Talking point - The end of the acronym?
Will investor appetite for complex financial products be restored, or are we returning to a more traditional marketplace? Credit asked five market participants for their views
Risk and the law
Editor's letter
What's wrong with the risk-based approach?
The risk-based approach to regulation is under fire. In the UK, the Northern Rock debacle could result in a reworking of the supervisory system, which is being criticised as too hands-off. Defenders of the system point out that a failure such as Northern…
Cutting the Gordian knot
Basel II remains wedded to incremental extensions to the market risk rules. It is time for a bolder approach in this area, argues David Rowe
Watching the watchers
Editor's letter
Editor's letter
Editorial
Talking point - The leveraged loan logjam
With the value of delayed leveraged loans nearing $400 billion, will sufficient liquidity return to the market to get these loans off the lending banks' balance sheets? Credit asks four experts
Legal Spotlight
Laws governing corporate insolvency and restructuring are failing to keep up with changes in the financial markets. Christopher Hall and Andrew Wilkinson argue that a programme of modernisation is needed
Back to Basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Mark Beeston, president of trade affirmation platform T-Zero, looks at novations
Does Basel II add up?
Are there inconsistencies in the standardised and advanced measurement approaches of the Basel II regulatory framework? Andreas Jobst considers the evidence