Credit ratings
Editor's letter: The trouble with credit
Editorial
"Deceptive and negligent": How the first CPDO got its AAA rating
An extraordinary Australian court judgement shines a light on the errors and deceit that led to the granting of an AAA rating to ABN Amro’s Surf constant proportion debt obligation in 2006. Lukas Becker reports
Threat of downgrade hangs over North American power firms
Low natural gas prices, weak power demand and rising costs put pressure on credit ratings
Energy market focuses on counterparty risk
Avoiding counterparty meltdown
Local credit rating agencies offer alternative to ‘big three’
First-rate ambitions
Downgraded banks struggle to find replacement swap counterparties on ABS deals
A number of downgraded banks are required to find swap counterparty replacements for over 300 structured finance transactions – but this is proving difficult, with few candidates willing or able to step in
US and EU banks face different Basel III floors
Regulators propose overhaul of US capital framework in long-awaited response to Basel III and Basel 2.5 - but there are differences to the European version of the rules
Political risk
In depth: political risk introduction
Risk institutional investor rankings 2012
Deutsche on top
New ratings paradigm requires careful handling
The rate escape
Downgrade doomsday: utilities fear swap dealer shortage
Downgrade doomsday
Guidance on central bank risk management is needed, says BoE’s Fisher
The Bank for International Settlements should provide guidance on best practice for central bank risk management, says the Bank of England’s Paul Fisher
Downgrade termination costs
Downgrade termination costs
Credit rating agencies: what are the alternatives for energy markets?
Beyond the big three
Basel 2.5: US ratings workaround criticised
Workaround woes
Swaps push-out a 'vast overreaction', says OCC's Walsh
Section 716 of the Dodd-Frank Act is based on a misperception of OTC derivatives, says acting OCC head - who also acknowledged criticism of US uncleared margin proposals
Use of OECD ratings in US market risk proposals questioned
Country risk classifications "are not sovereign ratings" says OECD. US regulators last month proposed using them as an alternative to external credit ratings
Japan still backs EFSF despite threat to AAA rating
The expectation that Standard & Poor’s decision to downgrade France and Austria will have a knock-on impact on the EFSF will not deter further Japanese investment in its bonds, says Japanese official