The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Capital markets round up: MBIA – The good, the bad and the ugly

MBIA has launched a new public finance-only financial guarantee insurance company, which will conduct business solely in the US. This might look very much like the good bank/bad bank solution that was mooted for the monolines when the financial crisis first broke but according to the firm it is not.

"This is not a good bank/bad bank split, although that is how I expect many observers will report on the change," claims MBIA chairman Jay Brown. "This is a split along structured finance and US public finance lines that was essential as a first step to transform the company, stabilize the business and help unfreeze the US public finance capital markets."

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree