Securitisation

Growing potential

Products that are compliant with Islamic law have the power to break into a market where the western world can reap the benefits

Moody’s sees record Japanese yen CDO issuance

International rating agency Moody’s Investors Service said today it rated a record ¥3.02 trillion ($25 billion) of collateralised debt obligations (CDOs) in the first quarter of the year. That compares to full-year volume of ¥3.14 trillion in 2002.

SPV Ruling: Counting the cost

The recent crop of high-profile accountancy scandals has forced the US accounting regulator to clamp down on the 'creative' use of special purpose vehicles to shift liabilities off balance sheet. Saskia Scholtes investigates the ramifications for firms…