Monday, 20 August 2018

Christopher Whittall' s stories

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  • A man walks in front of a window of the headquarters of Portuguese bank Banco Espirito Santo

    DERIVATIVES: ISDA asked new CDS question on BES

    Capital City | 05 August 2014

    The ISDA Determinations Committee has been asked a second question with regard to the fate of the US$900m of net notional CDS referencing embattled Portuguese lender Banco Espirito Santo.

  • BES

    DERIVATIVES: New CDS comes too late for holders of BES protection

    Capital City | 04 August 2014

    Bond investors are set to be given a stark reminder of why the old model of credit default swaps is no longer fit for purpose, less than two months before new improved CDS documentation is rolled out.

  • Russia

    Derivatives (and Kalashnikovs) get sanctions relief

    Top News | 01 August 2014

    As financial lawyers scramble to assess the impact on financial markets of the latest round of international sanctions against Russia, two unlikely bedfellows have been earmarked by the US Treasury as safe for the time being.

  • IntercontinentalExchange logo

    CCPs ramp up collateral efforts

    Derivatives | 01 August 2014

    How to protect the hundreds of billions of euros worth of collateral that will be tied up in central counterparties has become a major focus for market participants ahead of mandatory derivatives clearing in Europe going online around year-end.

  • minibonds

    Greece eyes SME 'minibonds'

    Top News | 25 July 2014

    The first batch of issuance under a “minibond” programme that the Athens Exchange Group (Athex) has been promoting to finance Greek SMEs is set for launch after the summer break.

  • Liquidity at heart of MiFID debate

    Derivatives | 25 July 2014

    As a consultation on landmark reforms that will irrevocably change the face of European financial markets draws to a close, a fundamental and deceptively simple question remains at the centre of the regulatory debate: how to define market liquidity.

  • Market awaits new CDS contract

    Market braced for new CDS

    Derivatives | 25 July 2014

    The countdown has begun to the most substantial overhaul of the US$21trn credit default swap market in more than a decade, as a new contract designed to insure against sovereign and bank debt restructurings is set to be rolled out in a matter of weeks.

  • European bank stocks diverge from credit

    Derivatives | 18 July 2014

    The divergence between European equity and bank debt is expected to broaden further in the coming months as fundamental changes in banking regulations continue to impact the industry, giving credit investors a lucrative relative value play.

  • The Chicago Mercantile Exchange

    Swaptions clearing proves tall order

    Derivatives | 18 July 2014

    Efforts from central counterparties to expand the range of rates products they clear are stalling amid growing industry concern that it could be dangerous to shoehorn more exotic derivatives into clearing houses.

  • China

    China CDS trading booms

    Top News | 18 July 2014

    Trading in China sovereign credit default swaps has more than doubled in the past year as fears over slowing growth and rising corporate defaults in the world’s second-largest economy have transformed the contract into the go-to Asia hedge for macro investors.