This page is dedicated to research articles on primary fixed income markets. For further information please contact Dan Barnes.
RULES & RATINGS
Securitisation reforms “stifling” for CLOs, LMA says
The Loan Market Association (LMA) has struck back at the Financial Stability Board’s (FSB) positive initial assessment of post-2008 securitisation reforms, stating that the impact on collateralized loan obligations (CLOs) has been “stifling”.
The FSB...
SEC appoints six new Investor Advisory Committee members
The US Securities and Exchange Commission (SEC) has added six new members to its Investor Advisory Committee.
The new members, who will serve four-year terms, join 17 current committee members, are: George Georgiev, associate professor...
Rules & Ratings: Rating agencies hit with US$49 million in SEC fines
The SEC has charged six nationally recognised statistical rating organisations (NRSROs) with failures to maintain and preserve electronic communications. In total, more than US$49 million will be paid in penalties.
Moody’s Investor Service, S&P Ratings,...
S&P Global Ratings: Fallen angels remain costly despite tightening spreads
Brenden Kugle and Patrick Drury Byrne of S&P Global Ratings, have published a new paper assessing the borrowing costs for ‘fallen angels’, corporates whose credit ratings have fallen to speculative grade.
“Despite the narrowing in...
