Tag:
counterparty risk
Latest Headlines
Latest Headlines
CDS spreads continue to widen
The Lehman Brothers news, the AIG fiasco and the Merrill Lynch deal offer up quite a cocktail for the markets to digest. It's fair to say that there's a lot of acid in stomachs out there, still. Credit Derivatives Research's Counterparty Risk Index, which tracks credit default swaps on 15 leading
CDS market: Risk concerns mounting
Is anyone really afraid of another Bear Stearns ? I don't think we'll get another rumor-driven failure. The Fed's new facilities make that much more unlikely, though the rumors can really cause problems for firms. There were lots of rumors about Lehman Brothers a while back; some people we
CDS market: still wary of top banks
A lot has been made of the mini-rally in bank stocks, but it's looking more and more like a dead-cat bounce rather than anything meaningful. For another look at how market participants view top financial firms, check out Credit Derivatives Research's Counterparty Risk Index, which averages CDS spr
Behind the scenes at UBS
UBS's "fall from grace," as the Financial Times puts it, was nothing short of stunning. The funny thing is, that it was bound and determined not to be undone like this. Way back in 1988, in the wake of the Longterm Capital Management crisis, the bank decided: never again. It
