Credit Derivatives, Securitizations and the New Regulatory Environment

Erscheinungsjahr 2005
ISBN: 978-1-84374-191-6
Verlag: Euromoney

Buch, Englisch, 126 Seiten

From the Editors of Derivatives Week, this practical text answers:

What is credit risk? How is it measured, managed and transferred around the market?
What are single and multi-name credit derivatives, CDSs and other credit derivative products? How do these credit transfer instruments work? How are they valued?
What are the techniques and rating for securitizations and synthetic securitizations?
How do you evaluate the risk of loss?
How are credit derivatives rated?
What is the regulatory environment for these products?
How are credit derivatives and securitizations treated under Basle II?

With a complete glossary.

Appendices include:

measurement of expected and unexpected losses
comparable characteristics of credit transfer instruments - single and multi-name credit derivatives
sample CDS term sheet and confirmation

Autoren/Hrsg.

Quemard, Jean-Luc

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Über Autor(innen)

Jean-Luc Quémard is a specialist in international banking at the French Banking Commission – the regulator of the French banking system. He is involved in the implementation of the new capital accord – Basel II – and in overseeing processes involved with credit derivatives and synthetic securitization within the banking industry.

Jean-Luc obtained a postgraduate degree in finance and business administration from the Autonomous University of Madrid in 1993, after graduating from a French business schools in France. He also has a degree in anthropology from Brittany University.

He joined the Bank of France in 1994. He worked in the central bank and held a number of supervisory positions. His experience has led him to supervise leading banking institutions and deal with many structured products.

Jean-Luc is the author of Dérivés de Crédit (Revue Banque Edition, 2003). He delivers lectures on Basel II and conducts training on such subjects as securitization and credit derivatives.