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

Structured credit involves a compromise between, on the one hand, the complexity which is necessary to generate the economics of the deal and, on the other hand, the desire of investors for the transparency and simplicity which allows them to evaluate their securities. In 2008 the greater market power of investors is going to be reflected in greater transparency. This will take the form of increased provision of information on underlying assets and greater differentiation between deals as

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