The documents review credit risk transfer (CRT) activity on the basis of a number of interviews and discussions with market participants, and include recommendations to improve risk management practices, disclosure, and supervisory approaches for CRT.
Uncategorized
1 July 2008
This report examines how major central banks adapted market operations in response to money market tensions during the early phase of the crisis (2007-08).
I. Current situation of the financial system Financial markets and institutions continue to make progress in adjusting to the new conditions that have prevailed since the outbreak of market turbulence. Banks and other financial institutions have raised substantial amounts of new capital and further capital raising plans have been announced. Institutions have also moved to […]
Following publication of the CRA Principles, IOSCO decided to develop a more specific and detailed code of conduct giving guidance on how the Principles could be implemented in practice. This Code of Conduct Fundamentals for Credit Rating Agencies is the fruition of this exercise.
In 1996, the G10 central banks endorsed a strategy to reduce the systemic risk arising from the settlement of foreign exchange (FX) trades. This report analyses the significant progress that has been made in implementing the strategy and makes specific recommendations for further action by individual institutions, industry groups and central banks.
12 April 2008
12 April 2008
12 April 2008
11 April 2008
Senior financial supervisors from five countries today issued a report on Leading-Practice Disclosures for Selected Exposures.
Credit risk transfer has grown quickly, often with complex products, and provides concrete benefits to the global financial system. The benefits of credit risk transfer (CRT) are well understood and have not changed since the Joint Forum’s first CRT report in 2005. CRT allows credit risk to be more easily transferred and potentially more widely […]