Growing pains

A bad year for collateralised debt obligations has not dampened AXA’s enthusiasm for the product. Mark Pelham talks to Pierre-Emmanuel Juillard, head of securitisation structured products, about the attraction.

cdomanagers1-gif

Collateralised debt obligations (CDOs) have taken a pummelling in 2002. According to Moody’s there have been roughly 140 downgrades of the products so far this year.

Yet Pierre-Emmanuel Juillard insists there is still a market for these structures. “While it’s true that there has been some bad press for CDOs this year, I would not say that it jeopardises our business. People who bought CDOs for the right reasons – for exposure to an asset class with a certain risk-reward profile –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here