Opinion
Talking point - The leveraged loan logjam
With the value of delayed leveraged loans nearing $400 billion, will sufficient liquidity return to the market to get these loans off the lending banks' balance sheets? Credit asks four experts
Legal Spotlight
Laws governing corporate insolvency and restructuring are failing to keep up with changes in the financial markets. Christopher Hall and Andrew Wilkinson argue that a programme of modernisation is needed
Market Graphic - Return-smoothing
Hedge funds that trade illiquid securities are more likely to smooth their returns, especially when the securities concerned are ABS or MBS, according to recent research
The contagion will spread
All eyes have been on the residential mortgage-backed sector but, as our new columnist points out, commercial real estate may be the next to provide some nasty surprises
Back to Basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Mark Beeston, president of trade affirmation platform T-Zero, looks at novations
It's a cruel, cruel summer
This period of monetary tightening has ended with a pop - just like all the recent ones
Does Basel II add up?
Are there inconsistencies in the standardised and advanced measurement approaches of the Basel II regulatory framework? Andreas Jobst considers the evidence
Witteveen's legacy
Editor's Letter
Un accenno di panico
Commento
What's happening at JP Morgan Chase?
Recently, many have come forward to ask me what is going on within JP Morgan Chase's risk management division. Over the past year, a number of people have left the operational risk team, both at the corporate and business unit levels. Risk executives in…
Time to shine
In the wake of the subprime crisis and resulting global credit crunch, operational risk practitioners must seize the opportunity to prove the value of their discipline, says Ellen Davis
Single measures are not enough
Ashish Dev considers the contemporary relevance of three Risk articles from 2002-03
No silver bullet
The emergence of contingent credit default swaps has presented banks with a new way to manage their counterparty credit exposures. However, they have important limitations, argues David Rowe
An unhealthy obsession
Editor's letter
Editor's letter
Editorial
Talking Point - Risk repricing
Does the recent slump in bond issuance, combined with a slowdown in LBO financing, signal a period of indigestion or the beginning of a repricing of risk? (NB views received by August 17)
The bear essentials
The recent subprime-related volatility has been an eye-opening - not to say eye-watering - experience for many. Now the foundations have been laid for a bear market come 2008
Patience, the greatest virtue
Investors may be tempted to dive in and take advantage of widening credit spreads, but on the evidence of previous credit cycles the greatest rewards may go to those who bide their time