Bond insurance down to 5% of new issues from 50%…
BABs have reduced supply…
Are credit ratings to be trusted?
Municipal revenues has declined…
“We don’t expect the muni market to collapse…”
Tuesday, February 16, 2010
Standard and Poor’s will begin using an identifier to distinguish between their ratings on structured finance products and other ratings… this is a good step forward for the markets… (H/T Credit Risk Chronicles)
~~~”As market participants will be aware, under the European Regulation on Credit Rating Agencies (Regulation (EC) No 1060/2009) in force from December 2009 (the [...]
Thursday, February 11, 2010
From Jesse’s Cafe a useful view into the relative contribution of states to GDP…
Who will backstop California?
Jacques Polak Research Conference at the IMF
Financial Frictions and Macroeconomic Adjustment
Washington DC, November 5—6, 2009
Session 4: Asset Prices and Crises
Chair: Jan Brockmeijer (Deputy Director, Monetary and Capital Markets Department, IMF)
Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007–09
Viral Acharya (New York University, NBER and [...]
Filed in Creativity, Liquidity, Open engines, Regulatory, Restructuring, Transparency
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Also tagged ABS, accounting, BofA, Citi, regulatory abritrage, Regulatory capture, SIVs
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XBRL and Credit Ratings
View more presentations from catelong.
This is a short presentation that I gave at the W3C and XBRL conference at the FDIC… it is very general because I gave it to a mixed audience of technologists and regulators. I’ll be putting up a concept piece done to create semantic mapping for the entity [...]