Credit - All Articles

  • LCH adds subordinated financials to credit suite

    LCH’s credit derivatives arm, CDS Clear, has become the first central counterparty (CCP) clearing house to offer clearing of single-name subordinated financials credit default swaps (CDSs).

    • 20 Feb 2020
  • Lloyds puts credit sales head Paterson at risk

    Lloyds Bank has put credit sales head Bob Paterson at risk, a securitization specialist who had been leading sales on the bank’s risk transfer programmes.

    • 18 Feb 2020
  • Lyxor launches second suite of ESG high yield ETFs

    Lyxor has launched a suite of environmental, social and governance high yield exchange-traded funds, following BlackRock’s iShares into the burgeoning market for investment products screened for sustainability. The French firm switched its investment grade ETF to follow a sustainable index last year, but opted to create a new product line for high yield.

    • 13 Feb 2020
  • ECB finds market making decline for OTC derivatives

    A European Central Bank (ECB) survey has found that market making in over-the-counter (OTC) derivatives decreased last year, but respondents were confident of their ability to support the products during bouts of market stress.

    • 11 Feb 2020
  • Santander scores solution for costly undrawn revolver exposures

    Santander has bought credit protection on two portfolios of undrawn revolving credit facilities, taking advantage of a regulatory decision last year to sharply boost the efficiency of the protection. The deal points the way for banks to cut the costs of providing revolvers, which are usually extended as a ‘loss leader’ for a broader banking relationship.

    • 10 Feb 2020
  • EBA plans to clear up risk transfer tests

    The European Banking Authority will be consulting on its approach to risk transfer by the end of the second quarter, with the treatment of excess spread likely to be a crucial topic for issuers and investors in the securitization market.

    • 06 Feb 2020
  • AI firm makes push into OTC interdealer markets

    Robots are going up against humans in the OTC broking markets as AiX announced the launch of its natural language artificial intelligence broker platform this week.

    • 05 Feb 2020