Central banks news and analysis articles - Risk.net

Structured products

Italian securitisation volumes slightly up on last year

The Italian securitisation market saw minimal growth last year, according to reports from the two major rating agencies Moody’s and Standard & Poor’s (S&P). Moody’s estimated a total of €36.7 billion in credit risk transferred – a 16% rise compared with…

30 Jan 2003

Structured products

BIS puts spotlight on credit risk transfer

In a report published today, the Bank for International Settlements (BIS) highlighted disclosure, concentration and the role of ratings agencies as key features of the credit risk transfer market that may need to be addressed with regulation.

29 Jan 2003

Technology

Software survey 2003

Credit technology hogged the spotlight in 2002, as the spectacular collapse of a host of corporate giants combined with movement on the Basel II Accord focused everyone's attention on this class of exposures.

28 Jan 2003

Risk management

G30 proposes major clearance reforms and emphasises risk issues

The Group of Thirty (G30), an association of private and central bankers, today issued an ambitious blueprint for a reform of the global securities clearing and settlement system. The initiative comprises 20 recommendations, designed to reduce investor…

23 Jan 2003

Credit risk

Sponsor's article > The role of correlation

David Rowe surveys recent research on the role of correlation between probability of default and recovery rates, as well as among default probabilities.

21 Jan 2003

People

McDonough bows out from New York Fed

William McDonough, president and chief executive of the Federal Reserve Bank of New York for the past 10 years, will retire on July 21 this year.

17 Jan 2003

Structured products

Icap signs BrokerTec purchase agreement

UK inter-dealer broker Icap has reached an agreement to buy the electronic cash bond and repo trading business units of BrokerTec for up to £181 million. But the deal is still pending clearance by the US Department of Justice, which Icap expects will…

16 Jan 2003

Economics

Reflated economy must be Japan’s priority, claims Moody’s

The outlook for Japanese sovereign debt would improve if the Bank of Japan (BoJ) took measures to reflate the economy, according to rating agency Moody's Investors Service. As the BoJ decides on a new governor to replace outgoing Masaru Hayami in March,…

15 Jan 2003

Regulation

Malcolm Knight named BIS chief

The Bank for International Settlements (BIS) has appointed Malcolm Knight as general manager of the Basel-based institution. He replaces Andrew Crockett, who is set to depart in March.