Credit/Opinion
Legal Spotlight
Brian T Harvey explains the intricacies of the Bankruptcy Code and offers some strategies that could help creditors defend themselves against preference liability
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... Teresa Callaghan, at credit management firm Transcom, looks at the debt sale market
Talking point - New securitisation markets
On the back of news that Japan is to securitise public sector receivables for the first time, we ask market participants about where they see development in new securitisation markets in 2008
Market graphic - European high-yield default rate
Although the markets are pricing in a jump in this year's European speculative-grade default rate to 7.5%, JPMorgan Credit Research predict a more modest rise of 2.5%
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
Column – Nigel Rendell
Emerging markets, particularly China, may provide a welcome source of returns this year but investors need to watch out for the effects of any US recession on the sector.
Market graphic - Recessionary pricing
The effects of a US recession on Europe are hard to quantify, but European spreads are already pricing in a mild recession, according to JPMorgan Credit Research. Is this enough?
Column: Andrew Kasapis
Our new columnist suggests three trading strategies that might reap rewards this year
Column: Nigel Sillis
An anomaly in S&P's CDO Evaluator would have us believe that a AAA rated CDO is more likely to default than a AA+ corporate - fine in today's market, not so good in theory
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
Talking point - 2008 outlook
Talkingpoint
Column - David Watts
Our reliance on low correlation has been instrumental in destroying that very scenario
Column - Max Bublitz
Ben Bernanke's recent drive to increase transparency within the Fed is well-intentioned, but at times of financial stress the market needs strong leadership not 'free association sessions'
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 ... We look at structured investment vehicles, the problem child of the credit markets
Market graphic - The effects of inflation
Market graphic
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