Corporate bonds
Interdealer brokers embrace buy side as bank dominance slips
Tradeweb considers integrating interdealer and client liquidity pools
Basel plans modelling curb for billions in credit RWAs
Proposals clamp down on IRB approach that is “usually gamed pretty easily”, says FDIC’s Hoenig
Volcker rule didn't dry corporate bond liquidity, research says
When banks closed prop desks, market liquidity improved, academics claim
Crossover bonds biggest risk for large hedge funds
eVestment analysis shows exposure to top 10 risk factors
Thin liquidity makes human touch vital – credit buy-siders
Reliance on e-trading risks being 'left out in the cold' when markets dry up
Dark pools and platforms vie to fix credit markets
A side-effect of tough bank capital rules could be the rise of dark pools for credit trading
Electronic trading of corporate bonds still work in progress
Industry members discuss the growth of electronic trading of corporate bonds
Hong Kong-Shanghai stock connect: believe the hype
Corporate bond and commodity derivative sectors are the prize
Questions over event driven activists adding value
But strategy among highest returns this year
Dealers charging FVA on collateralised swaps
If collateral cannot easily be repoed, dealers say funding charge should apply
Options cutting costs for some cross-currency swaps
Dealers found a way to protect some cross-currency swaps from heavy new capital requirements last year, by adding foreign exchange options into the structure – but the powers of the technique are limited. Matt Cameron reports
What's the difference between issuers and borrowers?
Look beyond loans
The great unwind: Buy-side fears impact of market-making constraints
Some buy-side firms are already calling it the great unwind – the migration out of the huge bond portfolios buy-side firms have built up in recent years, as rates eventually rise. But with dealers less able to play the role of liquidity provider, it…
Finex launches first Russia corporate bond ETF
Finex notches up industry first with LSE listing of ETF linked to Russian corporate debt
Index roundup: Esma and EBA move to strengthen Euribor
Index roundup
HKMA warns banks not to weaken liquidity profile to benefit from LCR phase-in
Hong Kong regulator to consult banks on new LCR this quarter and assess level playing field implications before deciding on whether to adopt a phased approach
Undeveloped Asian capital markets continue to make hedging difficult
A lack of liquidity is still providing problems for corporates looking to hedge – even in Hong Kong
Total return swaps on iBoxx touted as alternative to corporate bond index ETFs
Exchange-traded funds that give exposure to corporate bond indexes could face competition from total return swaps on the indexes, say market participants
Non-financial corporate bonds: the future for structured products?
Using non-financial corporate bonds instead of bank bonds to underpin structured products could encourage more investors to consider them, as it would help diversify the counterparty risk within a portfolio, say industry participants
Exchange-traded funds provider of the year
Exchange-traded funds provider of the year
Hedge fund enables insurers to capitalise on bank deleveraging
Tenax Capital fund will buy bank loans and provide debt capital to corporates
Risk 25: How Basel III is turning borders into barriers
Turning borders into barriers