Credit - 2008-09-01

Legal spotlight

Moves to overhaul the legislation governing Russia's financial system are finally being undertaken. Martin Bartlam looks at what this means for the burgeoning derivatives market

Talking Point

We ask leading market participants whether recent moves to establish a European-style covered bond market in the US can sustain early momentum and result in a successful, fully functioning market

Q&A: Asset-based lending funds

Now that many traditional lenders are tightening their lending criteria, is an opportunity arising for asset-based lending funds to fill this gap? Credit speaks to leading ABL managers to find out. Answers by Josh Zegen of Madison Realty Capital, David…

Structured credit's re-formation

The structured credit market has been blamed for much of the turmoil in credit and, by association, the wider global economy. But many market participants remain convinced that structured credit has a major role to play in the financial landscape of the…

The Big Interview: Goran Lind

Sweden's success in handling a severe credit crisis it experienced in the 1990s has been cited as a model for economic policy-makers faced with the current credit crunch. Goran Lind, advisor to the executive board of the Swedish central bank, the…

Asian retail focus

The process of tempting Asian retail investors back to credit has been an uphill struggle for distributors, who have tried to stimulate interest with a series of structured first-to-default notes that give sovereign exposure. But heavy mark-to-market…

The return of the real money manager

With hedge funds feeling the pinch from the liquidity squeeze, real money managers have emerged as a reliable source of liquidity, earning themselves mandates from investors with cash to put to work. Credit gains an exclusive insight into how one of the…

Column: Andrew Kasapis

The events of the past year have played havoc with the cash bond/CDS basis, with traders struggling to make the strategy profitable. Is there a way of making alpha from this trade?

Column: Robin Keck

Recently redundant? Don't fret: a few positive steps could soon see you back in the market

Reviving RMBS

With only one public RMBS issue in the UK during the whole of 2008, the market would seem to have hit rock-bottom. But moves are afoot to help restore confidence in the market and enable banks to finance mortgage lending, as Laurence Neville reports

A fruitful time for hybrids

Structurers are coming up with novel ways of tapping investor demand for credit-linked products without the default risk associated with the previous generation of structured products. Their answer? Hybrids. Regis Benichou and Arnaud Scemama of Calyon…

Profile: David Slade

The chairman of the Loan Market Association, also leveraged finance head at CSFB, talks to Matthew Attwood about the path to recovery for the beleaguered loan market