DBRS’s Andrew Fitzpatrick has a wonderfully understated way of putting things:. . . it would be something between ironic and sad if the best-laid plans of the Montréal Accord,...
The Wall Street Journal on Monday ran an important and timely story on the continued practice of ‘ratings shopping’, in which an issuer approaches multiple agencies...
Re-Remics, those recooked CDOs, made headlines this year, as financial players rushed to solve the securitisation crisis by err, engaging in more securitisation.In fact, according to research by Amherst Securities, about $43bn worth of re-Remics were created between January and November this year; Most of those made after investors found themselves holding onto RMBS securitisations...