Lehman, a bastion of Wall St for generations, was one of the largest counterparties in the ... more »
|
|||||
|
Login
This Month
Month Archive
Search
|
Monday, September 15
Lehman Bankruptcy Causes Massive Increase in Credit Default Risk
by
Sean Sprackling
on Mon 15 Sep 2008 16:14 BST
Well, what a hectic few days it has been. Everyone has known that Lehman's have been a huge counterparty risk for some while now - so much so that the industry was working on a sunday as ISDA organised a trading netting session to reduce risk to Lehman's yesterday. Despite this, spreads were always going to widen today, but there is still not unfounded fears that the whole of the CDS market may unravel. Benchmark indices of corporate credit risk rose by record
margins in London, and traded near an all-time high in teh US,
driven by a rise in Goldman Sachs Group Inc., Morgan Stanley and
American International Group. U.S. two-year Treasuries climbed,
pushing yields below 2 percent for the first time since April,
as investors sought the relative safety of government debt.
Thomson Reuters Launches Independent Valuation Risk Service
by
Sean Sprackling
on Mon 15 Sep 2008 15:32 BST
Thomson Reuters Launches Independent Valuation Risk ServiceVienna – Thomson Reuters today launched a new service which will provide financial institutions with independent valuations across a number of asset classes and instrument types. The introduction of Thomson Reuters Valuation Risk service supports calls from the FSA, regulators and many within the industry for fair and transparent valuations of financial instruments from independent, unbiased third parties. Shifts in
volatility and correlations, as well as liquidity constraints are
having a massive impact on valuations, demonstrating the limitations of
conventional pricing methods. Thomson Reuters Valuation Risk service
provides a new “open model” approach to pricing and valuation, leading
to greater transparency, agility and proactive risk management.
Omgeo Acquires Allustra And Announces Collateral Management and Derivatives Reconciliation Solution
by
Sean Sprackling
on Mon 15 Sep 2008 15:22 BST
Boston/New York/London – September 15, 2008 – Omgeo, the global standard for post-trade efficiency, today announced that it has acquired Allustra, a London-based provider of collateral management solutions. Allustra offers a suite of products that provide customers the ability to consolidate trade positions across asset classes, including OTC
derivatives, and to manage the collateral process that mitigates the associated counterparty risk. Mark James, managing director of Allustra, joins Omgeo’s executive committee as managing director. In addition, Omgeo acquired a derivatives portfolio reconciliation platform designed by Global Electronic Market’s (GEM), after piloting the technology with one of the largest brokers/dealers and one of the most sophisticated hedge funds in the world. By joining GEM’s derivatives reconciliation capabilities with Allustra’s collateral management solution, Omgeo sets a new standard for the market as the only organization to provide clients such a combined derivatives product line. “We are truly excited to extend ... more » |
Industry Links
Resources
Recent Book Reviews
|
|||
|
|
|||||
