Opinion
CDS pricing
Talkingpoint
LBO risk
Market Graphic
Looking for hidden options
Editor's letter
Aftershocks of the Big Bang
At the end of October, the City of London celebrated the 20th anniversary of the 'Big Bang' – the first big deregulation of the financial services industry in the UK.
Validating EPE
Empirical validation of trading credit exposure simulation models is clearly essential. David Rowe points out, however, that the process must differ significantly from traditional back-tests of VAR models
Editor's letter
Comment
Editor's letter
Editorial
High yield
Talking point
The EDS dustbin
As the market talks up CDS of ABS and loan CDS as the next big things, StreetCred warns readers not to forget the fate of equity default swaps
Greenspan's conundrum
Market graphic
El dilema de la inflación
Comentario
Plain English please
Complaints are reaching me about the way in which the US regulators have released the notice of proposed rulemaking (NPR). My sources point out that the advance notice of proposed rulemaking – released way back in those halcyon days of August 2003 – came…
The arrogance of hindsight
Some governments are reportedly becoming more active in using derivatives to manage their debt and funding costs. While arguably quite sensible, public distrust and sensationalist journalism present special dangers, argues David Rowe
Editor's Letter
Comment
Paying a premium for bank analysts
Bank analysts are paid more than other credit analysts; but are they really worth it? Toby Nangle did the number-crunching to find out