Weekly Issue Archive »

Issue 128 - March 18th

  • News Analysis

    • Correlation
      • Unsustainable dislocation

        Likelihood of bank restructuring grows

        Rising implied correlation and widening financial spreads suggest that a second wave of the financia...

    • CLOs
      • Missing the point?

        Potential inclusion of CLOs in TALF receives mixed response

        The potential expansion of TALF documentation to include triple-A corporate CLOs has received a mixe...

    • Regulation
      • Retention tension

        EC's new ABS rule counterintuitive to primary market revival

        The European Commission has agreed, under its CRD amendments (see last week's issue), that issuers m...


  • News

    • Structuring/Primary market

  • Talking Point

    • NPLs
      • Call for clarity

        Distressed timing and tactics discussed

        The need for increased clarity around government intervention in the market was the main message fro...


  • Job Swaps

      • Asset recovery group launched

        The latest company and people moves

        Alpstar has launched a strategic asset recovery group, whose focus is on the restructuring and recov...


  • News Round-up

      • ISDA's auction protocol launched

        A round up of this week's structured credit news

        ISDA has launched its Auction Settlement Supplement and Protocol, the final stage of the process kno...


  • Research Notes

    • Operations
      • Term ABS Loan Facility (TALF) to the rescue?

        Deutsche Bank securitisation research analysts Karen Weaver and Katie Reeves find that – while...

        On 3 March the Federal Reserve Bank of New York (FRBNY) announced a first 'subscription date' for th...

    • Trading
      • Trading ideas: overnight underpriced

        Dave Klein, senior research analyst at Credit Derivatives Research, looks at a capital structure arb...

        The equity and credit markets have reconnected on the back of sustained equity outperformance. One c...



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