Securitisation
US property slowdown could increase risk for CDOs
Decelerating house price inflation and competition among commercial mortgage lenders could hurt US structured credit products, according to a Dresdner Kleinwort report.
S&P: CLOs will lead European CDO growth in 2007
The European surge in cashflow collateralised loan obligations (CLO) will continue into 2007, according to a report by Standard and Poor’s (S&P).
Behind Solent's towering success
Solent Capital Partners has won plaudits - and investors - for managing collateralised debt obligations, and also for its credit-based hedge fund product, reports Solomon Teague
Wait and CDO
Profile
MassMutual launches new CDPC
New York-based Invicta will act as a counterparty on CDS exclusively within structured credit rather than the single-name market, which its rivals serve
Jonathan Laredo
Change is in the air, says Jonathan Laredo, partner at Solent Capital in London. He tells Nikki Marmery how Solent is structuring CDOs this year to take advantage of spread widening
Reinventing the wheel
The new wave of structured credit innovations look suspiciously like more confusing, highly leveraged versions of deals the market has seen before. Is all this reinvention in investors' best interests? Sarfraz Thind reports
CDSs on CDOs
Isda documentation
Credit market complacency
The structured credit market has come under the scrutiny of regulators fearful that a credit downturn will bring significant systemic risk to the global financial markets. Participants in the credit derivatives market are, for the most part, nonplussed…
Moody's: Basel II fuelling growth in collateralised debt
Basel II was key driver behind over €100 billion of collateralised debt issuance in EMEA.
Leveraged loan CLOs greatest source of risk in 2007
Leveraged loan collateralised loan obligations (CLOs) will pose the greatest risk in 2007, according to a gathering of investors and arrangers at a Moody’s conference in London yesterday.
Moody's: Basel II fuelling growth in collateralised debt
Basel II was a “key driver” behind over €100 billion of collateralised debt issuance in Europe, the Middle East and Africa during 2006, according to rating agency Moody’s. Collateralised debt issuance in the region increased by 78% from 2005.
S&P predicts harder times ahead for European structured products
European structured products will come under ratings pressure in 2007, but there will be only a limited number of downgrades, according to rating agency Standard & Poor's (S&P).
False dawn for first loss
CDO equity
Robert Lepone
The head of European loan trading at Morgan Stanley in London discusses issues surrounding the new loan CDS indices