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Gepubliceerd op 11 Sep ’09 door Alphons P. Ranner
The G 15 (major global) banks dealing in interest-rate and credit-derivatives plan to funnel nearly all swap transactions through clearinghouses by the end of 2009.
Gepubliceerd op 3 Jun ’09 door Alphons P. Ranner
According to BIS figures in notional terms the volumes of credit default swap (CDS) fell by 26.9% in the second halve of 2008 to $ 41.9 trillion. In December 2006 it amounted to $ 28.65 trillion, but then almost doubling to 57.89 trillion at the end of 2007.
Gepubliceerd op 15 May ’09 door Alphons P. Ranner
US derivatives regulation
The Obama administration on May 13th unveiled a sweeping plan to regulate over-the-counter derivatives in an attempt to seize greater control over an opaque market that has been blamed for exacerbating the financial crisis.
Gepubliceerd op 5 Feb ’09 door Alphons P. Ranner
The current weakness in the US financial markets has recently been magnified overseas as panic spread to foreign investors with exposure to U.S. asset backed debt. The recent sell off in global stocks was in general liquidity-driven and a consequence of mispriced risks in the US sub-prime, derivatives and international currency markets. Initially many investors, particularly those using leverage, were forced to meet margin calls by selling assets to raise cash.
Gepubliceerd op 5 Feb ’09 door Alphons P. Ranner
In the current market, not a day goes by without news that the financing of another high-profile acquisition or buyout has run into trouble. The collapse of the US sub-prime mortgage market has wreaked havoc in the leveraged loans sector, as banks such as Citigroup, RBS and JPMorgan have suddenly found themselves stuck with private equity-related debt sitting on their balance sheets as a result of underwritten but as yet unsyndicated loans .
Gepubliceerd op 5 Feb ’09 door Alphons P. Ranner
The international financial system suffered fresh convulsions yesterday it emerged, that Germany's IKB Deutsche Industriebank, one of the country's leading small business lenders, had a huge exposure to high-risk sub-prime mortgages - mortgages which are made to borrowers with weak credit histories - in the United States. Defaults on these housing loans recently had reached a 10-year high, driving down the value of bonds backed by mortgages.
About the author Alphons P. Ranner
Drs. Alphons P. Ranner is founder and director of Sovereign BV financial consultancy. His background includes many years of experience in strategic and financial management and consulting.
