Hot News
[updated December 12, 2009]

• Credit Derivatives market shrinks in the first half of 2009 - BIS Report

• CDS are legalized homicide  - Soros

• Consensus on OTC derivatives regulations

• Derivative regulatory legislations continue to proliferate

• Stiglitz shuns banks from derivative trading

• CDO investors continue to crowd courts: UBS charged for selling "crap" to  Connecticut Hedge Funds

• IOSCO recommends securitisation and CDS Regulations

• Department of Treasury proposes regulations for securitization and CDS transactions

• IOSCO recommends regulations of securitisation and credit derivatives

• US OCC data reports huge decline in credit derivatives revenues of US banks; Volumes fall too

• Credit derivatives volume exceed $ 45 trillion

• Vinod Kothari teams up with IIT quants to deliver quantitative and analytical solutions on credit derivatives

• Hedge funds' predominance has increased risk of correlated credit market moves: Fitch

• India's RBI issues draft guidelines; we bring the full text and Vinod Kothari's comments

• India to introduce credit derivatives by mid May 2007

• Credit derivatives volume soars to USD 34.5 trillion

• Subprime worries puncture ABX.HE prices

• US appeal court ruling lends certainty to credit derivatives documentation; underscores need for careful drafting

• Eurex to start trading in credit derivatives futures March 2007; CME to follow soon

• Institutional demand for hedge funds to grow to $1 trillion by 2010- study

• Regulators worry about insider trading in credit derivatives; plead helplessness

• Credit derivatives: Volumes, and worries, race forward

• FSA UK talks of credit derivatives operational and mis-selling risks

• ISDA proposes to move the credit derivatives market to cash settlements

• Delphi's auction passed smoothly, but every major bankruptcy will have same problems of settlement

• Delphi causes over 100 downgrades in CDOs - covering more than 7% of total market

• More news

Credit derivatives jobs

If you have a vacancy/job profile for credit derivatives, you may post it here.

And if you looking for an opening, you may find it here.

New jobs posted 24th August 2004

It is a new Greenspan now. From someone who has consistently praised credit derivatives and CDO as responsible for holding the banking system in good stead, Greenspan has now started criticising CDOs. This is an excerpt from his latest interview at CNN Money [http://money.cnn.com/2007/09/16/magazines/fortune/greenspan_transcript.fortune/?postversion=2007091708]

"What you have to be careful about is collateral debt obligations which have gotten much too sophisticated, are priced by extraordinary mathematical models, and they are very difficult to value.

And what we have found is we have left this to credit rating agencies and what they designated as the so-called Triple-A tranches of a lot of these vehicles, turned out to be selling as though they were Double-B's.

And I think we're going to find that there's going to be no regulation, but a lot of the collateral debt obligations, collateral loan obligations, these special investment vehicles, all of which are highly questionable, I think people are going to be frightened to deal with those things for a long time, and many instances, a lot of them, are just going to disappear because they've been tried. They don't work.

But the big derivative markets continue to increase at a very rapid rate, and the reason is that they are important instruments for risk dispersion throughout the world. "