Opinion/Risk management
Legal spotlight
The implications of Basel II on UK financial institutions have been far-reaching. Benedict James and Lisa Murray of law firm Linklaters look at banking books in the loans market
Dinallo's dilemma
Editor's letter
Stop hiding behind the foliage
EDITOR'S LETTER
Whither originate and distribute?
Some argue the crisis in structured credit markets signals the demise of the originate-and-distribute model of banking, but this fails to take into account the pattern of all revolutions, argues David Rowe
Credit evolution
Editor's letter
Column: Andrew Kasapis
Our new columnist suggests three trading strategies that might reap rewards this year
Legal spotlight
The structured credit market is facing a new paradigm as we emerge from the credit crisis. Angus Duncan and Robert Cannon look at the kind of structures we can expect to see in 2008
Talking point - Investment-grade bond covenants
Following the release of a white paper by a group of 50 buy-siders proposing an overhaul of existing covenants, we ask market participants whether investment-grade bond covenants need improving
Some day, all this will be risk-neutral
Editor's letter
Now it's op risk's turn to take centre stage
EDITOR'S LETTER
Legal lethargy
Constraining buy-side institutions to hold only investment-grade securities uses a nearly century-old metric with limited contemporary relevance. David Rowe supports one modest proposed reform
Talking point - 2008 outlook
Talkingpoint
Legal Spotlight
As the credit cycle turns and the market prepares for a rise in the speculative-grade default rate, Stephen Phillips, partner at White & Case, fears that high-yield bondholders across Europe may be marginalised in the next wave of restructurings
The blind leading the blind
Editor's Letter