The fortunes of the covered bond market varied wildly from country to country during the subprime crisis, leaving investors facing tougher choices on where to put their money, says Michael Marray.
Latest articles from Banking strategies
Volatility puts counterparty exposure under the spotlight
April 7, 2008The dramatic market downturn has led to worries about counterparty credit risk. In the over-the-counter credit derivatives market, where bilateral deals are struck directly between trade counterparts, credit risk quality is paramount. Natasha de Terán reports on how the market is coping.
Wave of distress stirs rescue bids
April 7, 2008Structured investment vehicles were among the most prominent victims of the credit crunch, creating an unprecedented set of challenges for debt restructuring. Philip Alexander looks at how the market is managing the process.
Prospects for nuclear financing
April 7, 2008Silvia Pavoni reports on the potential and pitfalls of private finance for the UK’s new nuclear power station building programme.
National Grid bites the bullet
April 7, 2008The UK’s largest energy utility, National Grid Gas, tentatively reopened the sterling corporate bond market earlier this year, in the face of unfavourable conditions. Edward Russell-Walling reports.
Driver UK deal helps RBS swerve slowdown
April 7, 2008The credit crisis has brought the ABS market to near standstill. However, RBS has remained active in the field and used its healthy relationship with VW to good effect, reports Edward Russell-Walling.
Whatever happened to ‘negative flex’?
April 7, 2008In the wake of the market crisis, fewer syndicated loans are being issued, terms are tighter, prices are up and non-bank investors have virtually left the market, reports Joanne Hart.
Roberto Vila
April 7, 2008Commerzbank’s global head of equity derivatives talks to Natasha de Terán about the bank’s expansion plans away from its European strongholds and the secret behind the company’s low staff turnover.
A steady hand in a time of crisis
April 7, 2008CEO of Halyk Bank and former governor of Kazakhstan’s central bank, Grigori Marchenko tells Karina Robinson why the Federal Reserve got it wrong.