According to a poll, 78 percent of attendees are not satisfied with the current pricing of structured credit instruments. More specifically, 40 percent blame a lack of information for underlying instruments-such as performance data for loans included in mortgage-backed securities-as the key difficulty in the valuation process.
"This seems to be a European problem and not a US problem. In the US, the market is much better developed... with more standards [around disclosure]," said David Clark,
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails