Opinion
Column: Nigel Sillis
An anomaly in S&P's CDO Evaluator would have us believe that a AAA rated CDO is more likely to default than a AA+ corporate - fine in today's market, not so good in theory
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
Talking point - Investment-grade bond covenants
Following the release of a white paper by a group of 50 buy-siders proposing an overhaul of existing covenants, we ask market participants whether investment-grade bond covenants need improving
Some day, all this will be risk-neutral
Editor's letter
Das Undenkbare
Kommentar
A turn for the worse?
Comment
Now it's op risk's turn to take centre stage
EDITOR'S LETTER
Legal lethargy
Constraining buy-side institutions to hold only investment-grade securities uses a nearly century-old metric with limited contemporary relevance. David Rowe supports one modest proposed reform
Structured stagnation
Editor's letter
Talking point - 2008 outlook
Talkingpoint
Column - David Watts
Our reliance on low correlation has been instrumental in destroying that very scenario
Column - Max Bublitz
Ben Bernanke's recent drive to increase transparency within the Fed is well-intentioned, but at times of financial stress the market needs strong leadership not 'free association sessions'
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 ... We look at structured investment vehicles, the problem child of the credit markets
Market graphic - The effects of inflation
Market graphic
Legal Spotlight
As the credit cycle turns and the market prepares for a rise in the speculative-grade default rate, Stephen Phillips, partner at White & Case, fears that high-yield bondholders across Europe may be marginalised in the next wave of restructurings
Editor's letter
EDITOR'S LETTER
The blind leading the blind
Editor's Letter
Getting the green light
Comment
Who dares wins
EDITOR'S LETTER