Posts tagged 'Collateralised Loans'

The ABS hangover, Eurosystem-style

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company.

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| Nov 30 2012 08:54 | Comment |

The ECB announced some updates to its General Documentation on Wednesday. The item on ABS modifications caught our eye.

The move in question was first announced last April, and it represented a toughening up of the rules around ABS collateral for borrowing from the ECB. The update therefore isn’t so much a surprise as a reminder of one of the ongoing, but less spoken about, hangovers of the crisis.

Let’s review the situation… Read more

Counting the copper collateral cost

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Sep 26 2011 13:33 | Comment |

Copper prices 10 day chart

It’s hard not to wonder what the role of Chinese copper-as-collateral has to do with it? Read more

The problem with Europe’s bail-ins

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Jan 06 2011 12:45 | Comment |

Here’s something to ponder while we wait for the European Commission’s consultation document on haircuts for senior investors in Europe’s banking debt.

It’s what all this talk of Basel III — plus burdensharing, CoCos and bail-ins has been leading up to — one almighty hike in financials’ funding costs and retrenching banks. Read more

There’s something about the Italian interbank market

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Dec 07 2010 13:58 | Comment |

Here on FT Alphaville, we’ve often written about the increasing trend towards backing interbank trades with quality collateral.

So far it’s come across as an ad hoc response to post-crisis credit risks, and in Europe especially, the long-term fracturing of eurozone stability into various sovereign risks. Some strange curve pricing here, curious rates divergence there. Read more

It’s stock lending, Jim, but not as you know it

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 28 2010 19:07 | Comment |

Risk’s Life & Pension edition draws attention to an interesting development occurring in the pensions and insurance arena.

Banks have supposedly been touting insurance and pensions funds for their liquidity. Read more