Credit - 2006-09-01

Regulatory shake-up for rating agencies

Legislation being debated in Congress would tighten up oversight of rating agencies and broaden the criteria for joining the elite NRSRO-approved club of leading agencies

Legal Spotlight

US Congress is considering new legislation that could enable CDO issuers to sell greater chunks of their CDOs to pension plan investors. Todd Garvelink and Howard Mulligan explain

Winner: Grand plc

In our monthly roundup of innovative deals in the credit markets, we highlight the Grand CMBS transaction, Vneshtorgbank's MBS and Wellcome Trust's inaugural bond issue

Overcoming the barriers to a CDS futures market

The long-awaited CDS futures contract from Eurex has suffered repeated setbacks. Initially planned for launch last year, it is yet to make an appearance. Sell-side inertia, documentation disputes and a booming OTC market are some of the obstacles it…

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 ... Dominic Pegler, head of fixed-income strategy for Europe at Barclays Global Investors in London, explains how a bond is priced

James Vinci

As hedge funds have grown, so too has prime brokerage. Market leader Morgan Stanley's prime brokerage MD James Vinci explains the challenges of this business to Saskia Scholtes

Swiss restructuring

As regulatory pressure on insurance companies to improve their solvency requirements increases, one reinsurer's reaction stands out from the crowd. Hardeep Dhillon looks at how Swiss Re is using innovative structures in the debt capital markets to…

Thomas Huertas

The director of the wholesale firms division and banking sector leader at the Financial Services Authority in London outlines the progress made in resolving the operational problems in credit derivatives processing. Interview by Nikki Marmery

Creditex and CreditTrade merge

Banks welcome the complementary merger of credit derivatives brokers, which brings together Creditex's electronic expertise and CreditTrade's dominance in voice broking

Credit derivatives: the next generation

Now that credit default swaps and other credit derivatives are moving into the mainstream of financial trading, a new range of products and structures are being developed using synthetic techniques. Calyon's Loic Fery and Ally Chow review some of these…

L Sankar, Jure Skarabot

Citigroup credit derivatives specialists explain why the Gaussian copula model, despite its flaws, is still the market standard for analysing correlation