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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

October 2006

Credit derivatives: BBA and Isda report explosive derivative growth




The British Bankers’ Association’s Credit Derivatives Report 2005/06 was unveiled at the BBA’s third annual credit derivative conference held in London on September 21. In 2004 the BBA survey predicted that the global credit derivative market in 2006 would be $8.2 trillion but it is actually $20.2 trillion.

Claude Brown, partner at Clifford Chance, who drew up the documentation on some of the very first credit derivatives in 1991, was first to address the conference. He pointed out that a modest prediction of prospects for credit derivatives is not a...


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The Fitch approach is good. They are now a serious player, and best for covered bonds

So says a German Pfandbrief specialist. Well, as Fitch is maintaining triple-A ratings, while Moody’s makes severe downgrades, he would say that wouldn’t he?

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