Analysis

Valuing tranches of synthetic CDOs

In the second of this series of Class Notes articles, Charles Smithson and Neil Pearson consider the thorny issue of collateralised debt obligation (CDO) valuation. In the first of a two-part article (the second will be published in February 2008), they…

Cross-border confusion

Despite demand from investors for retail structured products, international growth is being hindered by regulatory anomalies. Peter Green and Jeremy Jennings-Mares explain

Economic capital ideas

This month sees the start of Charles Smithson's fourth series of Class Notes, which will run in alternate issues of Risk through the remainder of this year and into 2008. Class Notes is an educational series, designed to pull together the threads of…

Back to Basics ­ Fund-linked notes

We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Peter Green and Jeremy Jennings-Mares look at fund-linked securities

Measures for measures

Consistent quantitative operational risk measurement is vital to the health of banks and financial institutions. Andreas Jobst offers guidance on enhanced market practice and risk measurement standards

Shifting flows in Asia

Soaring Asian demand is transforming world oil markets. While Asian oil supply cannot match demand, Asia has big plans for refinery building. Eric Fishhaut of GlobalView Software investigates

The data puddle challenge

The loss event taxonomies currently in use are inadequate. The worst problem is the lack of clarity with regard to the boundary conditions between risk event categories. Tara McLenaghen explores the issues

Standing on the threshold

A 'one distribution fits all' approach is not the best option for op risk models. Carsten Steinhoff and Rainer Baule explain why a tailor-made model is therefore vital to the accuracy of loss distribution models

Exchange-traded credit contracts

We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... John Nyhoff, a director in research and product development at the Chicago Mercantile Exchange, reviews the basics of exchange-traded…

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