Blamed for magnifying the effects of the financial crisis, credit derivatives may be given a boost by the post-crisis regulatory changes.
Latest articles from Philip Alexander
Whatever happened to Tier 2 capital?
July 30, 2012In the regulatory rush to strengthen Tier 1 capital, banks that seek to optimise their total capital structure have become an endangered species. But one region has rediscovered Tier 2 capital.
Where traders take charge: the Libor scandal
July 24, 2012The Banker cannot predict which banks will turn out to be involved in the Libor scandal, but we can identify the banks where traders wield the most revenue-generating power.
France takes a tax gamble on the markets
July 19, 2012The Financial Transaction Tax introduced by France in August is intended to deter speculative investor behaviour, but the execution looks likely to miss the target.
Few countries resist euro crunch
July 16, 2012Profits for the banking sectors in most European countries fell in 2011, in some cases catastrophically. But there were a few countries that managed to buck the trend.
Can US equity On-Ramp get investors on board?
July 2, 2012The US JOBS Act is intended to boost access to public equity markets for emerging growth companies. But it has yet to win the trust of investors.
Russia, Kazakhstan and Belarus open economic borders
July 2, 2012Closer economic integration of countries in the Commonwealth of Independent States has been discussed for many years without practical progress. The launch of a Single Economic Space between Russia, Kazakhstan and Belarus may be about to change that.
Markets veteran drives French evolution
July 2, 2012Christophe Mianné, the new deputy of Société Générale’s corporate and investment banking operation, is targeting a change in mindset as much as a change in structure.
Banks look to extend the derivatives chain
July 2, 2012The advent of Basel III and funding constraints in the eurozone have prompted investment banks to make greater efforts to transfer the exotic risks generated from their derivatives structuring businesses.
Collateral becomes a competitive edge
July 2, 2012Derivatives collateral management used to be a purely operational matter, but post-crisis regulation and sovereign downgrades have made it into a strategic priority for every bank.