Central banks
Moody’s revises foreign currency country ceilings
A number of Europe, Middle East and Africa foreign currency issuers have seen their family ratings rise after Moody’s revised its methodology for foreign currency country ceilings for bonds and notes. The new policy incorporates the possibility that a…
HSBC offers capital secured growth funds
HSBC International has launched a new tranche of capital secured growth funds (CSGF). The five sub funds are the World Double Bonus Fund, Japan Growth Fund, European Growth Fund, Americas Opportunity Fund and Commodity Growth Fund.
Bumped along by Basel II
Credit portfolio management has become an integral part of many big banks' risk management. Smaller banks have lagged behind, but the planned introduction of Basel II next year could provide an incentive for more active management of their loan exposures…
Greenspan lashes out at credit derivatives industry
Alan Greenspan, former chairman of the US Federal Reserve Board, has found it “appalling” that banks were trading credit default swaps (CDS) and documenting them on scraps of paper. Speaking at the Bond Market Association’s (BMA) 30th anniversary dinner…
Growth of OTC contracts slows to 5%, say BIS
Rising commodity prices and a worldwide rally in equity prices during the second half of last year have dramatically increased the demand for over-the-counter derivatives protection in the sectors, according to the latest statistics released by the Bank…
Crossing the Border
The push for MiFID may drive cross-border consolidation in Europe.
Governor of the Reserve Bank of India speaks of challenges and implications for Basel II in Asia
The governor of the Reserve Bank of India (RBI) Dr. Y.V. Reddy delivered a speech today discussing the dangers of Asian banks prematurely adopting Basel II regulation, saying that not all non-G10 supervisory authorities need it to strengthen supervision.
Bumped along by Basel II
Credit Portfolio Management
Cash vs synthetic CDOs
3. Cash vs Synthetic
Tranching: CDOs in slices
2. Tranching
A passage to India
Regulatory scrutiny and cost concerns have prompted many global investment banks to cut investment in credit research. One option to make up the shortfall is to outsource the number-crunching to cheaper centres such as India. But is it a good idea? Nadia…
CDOs: The outlook
12. Conclusion
Broadening the CDO investor base
11. Investor base
The rise and fall of the CDO-squared
6. CDOs-squared
CDO equity returns
Talking point
The market for CLOs of leveraged loans
5. Leveraged loan CLOs
Briefs
REGULATORY UPDATE
A Royal march
RBS
Looking to beat the backlog
Back office