Standard & Poor’s
S&P: Two years of problems ahead
The effects of the credit crisis could last up to two years, according to analysts at rating agency Standard & Poor's.
Credit Suisse and Citi expect profit losses for Q3
Credit Suisse Group is the latest bank to warn of a third-quarter profit loss. It reported its investment banking and asset management divisions’ profits have been adversely affected by recent market events.
The bigger picture
In 2003, rating agencies considered operational risk as a separate risk category, but quantification problems have prompted them to take an integrated, enterprise risk management approach.
Liffe lists JP Morgan index future on Bclear
JP Morgan and London-based derivatives exchange Liffe are pairing to launch a bespoke index future on Liffe's Bclear platform on September 10.
S&P president departs as criticism of rating agencies continues
Kathleen Corbet, the president of rating agency Standard & Poor's, has resigned.
Subprime crisis "worse than 1998", says S&P
The continuing crisis in US subprime mortgages could be worse for the market than the 1998 Russian default, according to rating agency Standard & Poor's.
Subprime rating actions spark EC review of agencies
The European Commission (EC) is planning an “intensive review” of credit rating agencies after the slew of recent rating actions on securities affected by poorly performing US subprime mortgages.
Deutsche Bank launches ETF linked to S&P CNX Nifty index
Frankfurt-based Deutsche Bank has launched the first internationally traded exchange-traded fund (ETF) linked to the Standard & Poor's CNX Nifty, an index on the National Stock Exchange of India.
Barings: Subprime not to blame for increased LBO risk
Spread widening in corporate credit and leveraged debt has been wrongly attributed to the fallout from the US subprime mortgage market, according to Baring Asset Management.
Morgan Stanley launches private equity target indexes
Morgan Stanley has launched an array of indexes that seek to generate returns from potential or realised private equity buyouts.
S&P launches Asia sharia index
Standard & Poor's today launched a sharia-compliant equity index covering nine Asian countries, and said that it planned more sharia indexes over the next 12 months.
S&P rolls out ABS performance tracker
Standard and Poor’s is the latest rating agency to enhance its collateralised debt obligation (CDO) surveillance, with a product designed specifically for the CDO investor.
Swiss Re plans first flood bond issue
Reinsurer Swiss Re intends to issue the world’s first catastrophe bonds, giving investors exposure to flood risk, by the end of March.
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).
S&P buys Goldman's commodity index
Standard & Poor's has acquired the Goldman Sachs Commodity Index (GSCI) as well as two equity indexes. The GSCI is widely considered to be the benchmark for commodity indexes and serves as the underlying for many structured products. It will be renamed…
S&P looks at PD estimation in a Basel II environment
New S&P report states that there is a negative relationship between probability of default and speculative-grade post-default recovery values.
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).
FSA’s Huertas hits out at CPDOs
Thomas Huertas, director of wholesale firms at the Financial Services Authority, has lashed out at the use of constant proportion debt obligations (CPDOs), a new breed of synthetic credit investments.
ISE hits out at CBOE on exclusive index option listings
The New York-based International Securities Exchange (ISE) is challenging the exclusive listing of two major index options on the Chicago Board Options Exchange (CBOE) through a formal complaint.
Asset managers want better derivatives risk monitoring, says S&P
Asset managers want risk monitoring strategies allowing them to better scrutinise their discretionary use of derivatives, according to a Standard & Poor’s (S&P) survey released last week.
Basel II goals for capital adequacy “achievable”, according to S&P report
QIS5 findings show Basel II stabilises regulatory capital and improves risk management, but will spur industry consolidation.
S&P places six Asia-Pacific CDOs on CreditWatch negative
Standard & Poor’s Ratings Services (S&P) has placed the ratings on six Asia-Pacifc synthetic collateralised debt obligations (CDOs) on 'CreditWatch with negative implications'. The agency affirmed the ratings on two other CDOs.
Banks' management of credit risk should help them withstand shocks, says S&P
The global banking industry is generally strong and able to deal with sudden shocks because of its improved risk management, according to research by rating agency Standard & Poor's.
Banks' management of credit risk should help them withstand shocks, says S&P
The global banking industry is generally strong and able to deal with sudden shocks because of its improved risk management, according to research by rating agency Standard & Poor's.