skip to main content

Capital Market Intermediaries

Featured Content

Credit Rating Agencies

Credit Rating Agencies: New Regulations Bring Significant Reform

Repurchase Agreements

Fed's New Tools: Interest on Reserves, Reverse Repos and Term Deposits

Public-Private Investment Program (PPIP) and TALF

US$1 Trillion TALF For New ABS and New/Legacy CMBS: US$100 Billion in Assets Sold

The Shadow Banking System

'Shadow Banking' Shrinks, Still Exceeds Traditional Banking: Who Is the Shadow Lender of Last Resort?

Monoline Insurance

Private Lender Subsidies Ended: What Hope for Student Loan Crunch in Auction Rate Securities Market?

The Global Insurance Industry

MGIC, Radian Private Mortgage Insurers in Trouble: Another Hampered Business Post-Subprime Crisis?

Europe

Credit Rating Agencies

Credit Rating Agencies: New Regulations Bring Significant Reform

Eurozone : United States : Europe : North America : Finance and Banking : Capital Market Intermediaries : Financial Systems and Regulation :

EU Markets in Financial Instruments Directive

Europe : Finance and Banking : Capital Market Intermediaries :

The Global Insurance Industry

MGIC, Radian Private Mortgage Insurers in Trouble: Another Hampered Business Post-Subprime Crisis?

AIG, the Bottomless Pit: Should Counterparties Co-Pay for Bailout?

Advanced Economies : Europe : North America : Capital Market Intermediaries : Muni Bonds and Auction Rate Securities : Sectors and Industries :

The Shadow Banking System

'Shadow Banking' Shrinks, Still Exceeds Traditional Banking: Who Is the Shadow Lender of Last Resort?

Asset-Backed Commercial Paper Outlook: Inherently Unstable Market?

Advanced Economies : Europe : North America : Finance and Banking : Capital Market Intermediaries :

North America

Credit Rating Agencies

Credit Rating Agencies: New Regulations Bring Significant Reform

Eurozone : United States : Europe : North America : Finance and Banking : Capital Market Intermediaries : Financial Systems and Regulation :

The U.S. Municipal Bond Market

The US$150 Billion Taxable 'Build America' Muni Bond Program: IRS Announces Audits

Moody's Adjusts Ratings Scale For Muni Bonds: How Safe Are They?

North America : Capital Market Intermediaries : Muni Bonds and Auction Rate Securities :

Repurchase Agreements

Fed's New Tools: Interest on Reserves, Reverse Repos and Term Deposits

Review of the Tri-Party Repo System: Task Force Releases Infrastructure Progress Report

United States : Advanced Economies : North America : Finance and Banking : Markets : Capital Market Intermediaries : Money Markets : Securitization and Structured Finance :

Monoline Insurance

Private Lender Subsidies Ended: What Hope for Student Loan Crunch in Auction Rate Securities Market?

Ambac Bond Insurer Loses AAA Rating at Fitch, Triggering Global Equity Selloff: Regulators Sounding Bail-Out

United States : North America : Finance and Banking : Capital Market Intermediaries : Muni Bonds and Auction Rate Securities :

The Global Insurance Industry

MGIC, Radian Private Mortgage Insurers in Trouble: Another Hampered Business Post-Subprime Crisis?

AIG, the Bottomless Pit: Should Counterparties Co-Pay for Bailout?

Advanced Economies : Europe : North America : Capital Market Intermediaries : Muni Bonds and Auction Rate Securities : Sectors and Industries :

Securitization

Financial Innovation and Securitizations: What Prospects After Reintermediation in 2010?

The Case Against Fix Retention Rules in Securitizations: BIS and IMF Global Financial Stability Report, Chapter II

United States : North America : Finance and Banking : Banks and Risk Management : Capital Market Intermediaries : Securitization and Structured Finance :

Auction-Rate Securities

The Auction-Rate Securities Double-Whammy: Renalty Rates and Hedges Gone Awry

United States : North America : Finance and Banking : Capital Market Intermediaries : Muni Bonds and Auction Rate Securities :

The Shadow Banking System

'Shadow Banking' Shrinks, Still Exceeds Traditional Banking: Who Is the Shadow Lender of Last Resort?

Asset-Backed Commercial Paper Outlook: Inherently Unstable Market?

Advanced Economies : Europe : North America : Finance and Banking : Capital Market Intermediaries :

Capital Market Intermediaries Topic Pages: Muni Bonds and Auction Rate Securities | Auction Rate Securities

RGE Analysis

CROSS ASSET MONTHLY

Credit: Who Gets Their Pound of Flesh?

David Nowakowski Aug 31, 2010

CROSS ASSET MONTHLY

Currencies: The End of Exuberance

Natalia Gurushina Aug 31, 2010

CROSS ASSET MONTHLY

Emerging Markets: At the Cross Roads

Natalia Gurushina Aug 31, 2010

CROSS ASSET MONTHLY

Fixed Income: Unconventional Policies Create Uncertainty

Arun Motianey Aug 31, 2010

CROSS ASSET MONTHLY

Equities: Über Competitive Germany

Gina Sanchez Aug 31, 2010

CROSS ASSET MONTHLY

Executive Summary: States of Flux: Stay Risk Averse

Arnab Das Aug 31, 2010

CROSS ASSET MONTHLY

Financial Institutions: Cracks in the EZ Façade

Jennifer Kapila Aug 31, 2010

RGE STRATEGY VIEW

The History of Risk—Correlations, Volatilities and Z-Scores

By David Nowakowski and Natalia Gurushina Aug 25, 2010

RGE STRATEGY VIEW

Financial Regulation: The Devil in the Details

By Jennifer Kapila, Parul Walia and Arnab Das May 26, 2010

How Authorization to Recapitalize Banks via Public Capital Injections ("Partial Nationalization") Was Introduced - Indirectly Thorugh the Back Door - into the TARP Legislation

Nouriel Roubini Oct 9, 2008

The Unraveling of the Shadow Banking System Moves to Hedge Funds as Schmalpha Replaces Alpha

Nouriel Roubini Sep 23, 2008

Can the Fed and Policy Makers Avoid a Systemic Financial Meltdown? Most Likely Not.

Nouriel Roubini Feb 8, 2008

Daily Digest

Blogs

Regulation AB: Downgrading the Ratings Agencies

The Big Picture  Barry Ritholtz Sep 05, 2010

Research

Stock market reaction to debt financing arrangements in Russia

Bank of Finland  Christophe J. Godlewski, Laurent Weill and Zuzana Fungáčová Aug 25, 2010

News

Qatar Exchange Drafts Rules to Start Trading in Bonds

Bloomberg  Robert Tuttle Aug 26, 2010

Analysis

Redesigning OTC derivatives markets to ensure financial stability - papers

Financial Stability Review, July 2010  Banque de France Aug 25, 2010

Blogs

UAE: Will Dubai ever match Abu Dhabi for home finance?

Arabian Money  Aug 15, 2010

Research

Rating performance and agency incentives of structured finance transactions

Universita Commerciale Luigi Bocconi  Harald Scheule and Daniel Roesch Nov 22, 2009

Analysis

Ratings Reform: The Good, The Bad, and The Ugly

Columbia Law School  John C. Coffee Jr Jul 29, 2010

News

Plan To Cut Role Of Credit-Rating Agencies Advances

NPR  Anthony Brooks Aug 11, 2010

Analysis

BAB Price Guidance Urged

Bond Buyer  Peter Schroeder Aug 10, 2010

News

Coming up for air

The Economist  Aug 09, 2010

Analysis

MENA Fixed Income Investment Guide August 2010

Banque Audi  Aug 03, 2010

News

Qatar: Tough loan conditions hit residents

The Peninsula  Aug 04, 2010

Analysis

GCC Bonds & Sukuk Market Survey July 2010

Markaz  July 2010

Blogs

GCC: Defaults undermine new Islamic bond issues and Islamic finance

Arabian Money  Jul 28, 2010

Analysis

GCC: Non-oil growth at 4.3% in 2010, short-term priority is strenghtening of financial sector

Byblos Bank  Jul 27, 2010

News

Saudi foreign securities assets surge in H1

Emirates 24/7  Jul 27, 2010

News

Warrants Rallying as Argentine GDP Growth Spurs RBC, JPMorgan to Say `Buy'

Bloomberg  Andrea Jaramillo and Boris Korby Jul 26, 2010

Blogs

UAE: How th DIFC Counter-Claim Against Bisher Barazi Could Drag Dubai Back Into the Debt Morass From Which it Most Recently Emerged

Wall St. WTF  Jul 21, 2010

Analysis

GCC: Regional Thoughts

Markaz  July 2010

Analysis

Russia: Financial Stability Review, 2009

Central Bank of the Russian Federation  Jul 20, 2010

News

GCC: Private equity to emerge stronger

Gulfnews  Babu Das Augustine Jul 20, 2010

Opinions

GCC: Private equity poised to rise with recovery

The National  Laura Morales, Dr Deborah Schlichting and Ahmed Youssef Jul 19, 2010

Opinions

Turn them into mortgage mutual fund companies

The Economist  Laurence Kotlikoff Jul 16, 2010

News

Argentina to Ease 2005 Capital Controls as Soon as This Month, Ambito Says

Bloomberg  Drew Benson Jul 19, 2010

News

Russian Private Company Bonds Beating Government Debt

Bloomberg  Michael Patterson Jul 19, 2010

News

Shadow Banking Debt Still Tops Regular Banks’, Fed Report Says

Bloomberg  Christine Richard Jul 16, 2010

News

Bank of Israel warns on mortgage risk

Globes  Jul 14, 2010

News

UAE: Dubai's DFSA Funds Regime revised to create more competitive financial hub

Business Intelligence Middle East  Jul 15, 2010

Blogs

The tale of the Shadow Banks

FT Alphaville  Tracy Alloway Jul 13, 2010

News

Exchange Traded Funds to grow in GCC

The Peninsula  Nasser Al Harthy Jul 13, 2010

News

Russia to Boost Ruble Debt Sales to Fund Deficit

Bloomberg  Paul Abelsky and Denis Maternovsky Jul 12, 2010

Analysis

MENA: M&A deal values fall

NCB Capital  Jul 07, 2010

Analysis

Turkey: Bonding experience

Oxford Business Group  Jul 09, 2010

Analysis

Russia: Corporate Lending Ex-Sberbank Up 1.8% m-o-m in June

Alfa Bank  Jul 09, 2010

Analysis

EM Credit Notes. IIB (D/Caa2/RD) announces restructuring terms

Commerzbank AG  Jul 08, 2010

Analysis

Meeting the Test ⎯ Life Insurers’ Mortgage Snapshot

FitchRatings (free registration)  R. Andrew Davidson et al Jun 24, 2010

Analysis

The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy

Congressional Oversight Panel Report  Elizabeth Warren, Damon Silvers, Richard Neiman and Jeb Hensarling Jun 10, 2010

News

More turmoil looms in CDO market

Financial Times  Aline van Duyn Jun 20, 2010

Blogs

Congress Drops Changes for Credit-Rating Agencies

New York Times  The Dealbook Jun 16, 2010

Analysis

Stimulus Bond Program Has Unforeseen Costs

New York Times  Jun 16, 2010

Analysis

GCC: Persistence in Performance

Markaz  Jun 14, 2010

Opinions

Munis Ambacked into corner

Financial Times  Lex Jun 10, 2010

News

Ambac warns of potential loan default

Reuters  Jun 09, 2010

News

Pay the rating agencies according to results

FT  Jun 07, 2010

News

GCC: Euro crisis may hit foreign credit, bonds

Emirates Business  Nadim Kawach Jun 03, 2010

News

UPDATE 1-Fitch revises Peru credit outlook to positive

Reuters  Jun 03, 2010

News

Argentine Bond Awards to Be Recalculated, Court Rules (Update1)

Bloomberg  Fred Strasser and Andrew Dunn May 27, 2010

News

Moody's Upgrades Colombia's Notes Backed By World Bank To Aaa

Wall Street Journal  May 27, 2010

News

Commercial Paper Market Slows Sharply

Wall Street Journal  Prabha Natarajan et al May 27, 2010

News

EU supervisors split over German derivatives ban

Reuters  Huw Jones May 26, 2010

News

Argentine Bonds Fall in Worst Week Since March 2009 Amid Swap

Bloomberg  Drew Benson May 21, 2010

News

Britain rejects Falkland Islands talks with Argentina

  Guardian May 19, 2010

News

Conspiracy of Banks Rigging States Came With Crash

Bloomberg  William Selway and Martin Z. Braun May 18, 2010

Analysis

Barnier to pin credit rating agencies under EU thumb

EurActiv  May 18, 2010

News

Insurers Drag Bonds Down on With Sovereign Debt: Credit Markets

Bloomberg  John Glover May 13, 2010

Analysis

The Goldman Sachs Group, Inc.: FORM 10-Q

Goldman Sachs  May 13, 2010

News

Argentina Extends Swap Deadline, May Shelve Bond Sale (Update1)

Bloomberg  Drew Benson and Fabiola Moura May 12, 2010

News

Argentina Extends Swap Deadline, May Shelve Bond Sale (Update1)

Bloomberg  Drew Benson and Fabiola Moura May 12, 2010

News

Ecuador's Jan-March Oil Exports Rise 137% On Year To $2.11B

Wall Street Journal  May 12, 2010

Blogs

S&P's New Credit Stability Criteria

Credit Risk Chronicles  May 09, 2010

Blogs

Game over for Moody's?

Credit Risk Chronicles  May 09, 2010

News

Colombia’s Peso Bond Yields Rise Most in 11 Months on Inflation

Bloomberg  Andrea Jaramillo May 07, 2010

News

Colombia sees new Latam stock market this year

Reuters  Javier Mozzo May 07, 2010

News

Colombia May Introduce Pension System Next Year (Update1)

BusinessWeek  May 07, 2010

News

EU says will probe rating agencies

EurActiv  May 05, 2010

Blogs

European Re/Insurers On The Hook For E100 Billion In PIIGS Losses, Munich Re Leads List Of Greek Exposure

Zero Hedge  May 04, 2010

Opinions

Europe's insurers: No time to relax

Economist  Apr 22, 2010

Analysis

Argentina: Q2 2010 Outlook

RGE  Bertrand Delgado Apr 12, 2010

News

New Zealand: Transpower seeks NZ$100m in first corporate CPI linked bond

Interest.co.nz  Gareth Vaughan Apr 23, 2010

News

Lofoten May Attract $50 Billion in Oil Investments

Bloomberg  Marianne Stigset Apr 22, 2010

Analysis

Market failure or market-existence failure?

VoxEU  Harald Hau Apr 20, 2010

Blogs

Fitch sees Little Change in ABCP Market Conditions Since Start of Financial Crisis

Research Recap / FitchRatings  Apr 07, 2010

Blogs

CDS Counterparties Hoist on Their “Not Insurance” Petard: The case of Ambac

naked capitalism  Apr 02, 2010

Analysis

Financial System and Macroeconomic Resilience: revisited - incl. link to papers

8th BIS Annual Conference  Mar 26, 2010

Research

Fear of fire sales and the credit freeze

BIS  Douglas W Diamond Mar 26, 2010

Research

Financial intermediation and the post-crisis financial system

BIS  Hyun Song Shin Mar 26, 2010

Analysis

Illiquidity and all its friends

BIS  Jean Tirole Mar 26, 2010

Research

The failure mechanics of dealer banks

BIS  Darrell Duffie Mar 26, 2010

Blogs

Who on earth is buying Japanese government bonds?

Daiwa Capital Markets  Chris Scicluna and Emily Nicol Mar 25, 2010

Blogs

In Prior Week Money Markets Recorded Biggest Outflow Since Collapse Of Lehman At $60 Billion, Or 2.2% Of Assets

Bloomberg  Tyler Durden Mar 19, 2010

News

Moody’s to change US muni ratings

Bloomberg  Nicole Bullock Mar 18, 2010

News

Climate change hits super funds

Sydney Morning Herald  Garry Shilson - Josling Mar 15, 2010

Analysis

South Africa: Business confidence sharply up but narrowly based

Rand Merchant Bank and Beureau for Economic Research  Ettienne le Roux and Carmen Nel Mar 9, 2010

Research

The Changing Nature of Financial Intermediation and the Financial Crisis

Federal Reserve Bank of New York  Hyun Song Shin and Tobias Adrian March 2010

Analysis

Statement Regarding Counterparties for Reverse Repurchase Agreements

Federal Reserve Bank of New York  Mar 08, 2010

Blogs

Morgenson on muni derivatives

Credit Risk Chronicles  Mar 08, 2010

Blogs

State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress

Zero Hedge  Tyler Durden Mar 08, 2010

News

Mantega Says Brazil Currency Situation Not ‘Ideal’ (Update1)

Bloomberg  Andre Soliani and Leonardo Lara Mar 05, 2010

News

Colombian Peso Falls On Central Bank Measures; Stocks Hit Record

Wall Street Journal  Matthew Bristow Mar 05, 2010

News

Equity Firms Cheer Return of 'Staple'; Critics Don't

Wall Street Journal  Mar 05, 2010

News

Japan: JGB futures climb as stocks fall; curve steepens

Reuters Japan  Rika Otsuka Mar 05, 2010

Research

The Global Financial Crisis and the Shift to Shadow Banking

Levy Institute  L. Randall Wray February 2010

News

The Hidden Costs Of Mutual Funds

Wall Street Journal  Mar 02, 2010

News

Rush of Deals Before TALF Ends

Wall Street Journal  Anusha Shrivastava Mar 02, 2010

News

Argentine Bond Bull Kassin Says Debt Not ‘Worth Risk’ (Update1)

Bloomberg  Andrea Jaramillo and Camila Fontana Feb 26, 2010

Research

The impact of the investment climate on employment growth : does Sub-Saharan Africa mirror other low-income regions ?

World Bank  Mary Hallward-Driemeier et al Feb 2010

News

Nigeria: Banks Battle with Money Nobody Wants

allAfrica  Babajide Komolafe Feb 22, 2010

Opinions

Kenya: Why Investors Are Losing Confidence

allAfrica  Feb 18, 2010

News

AfDB Regional Governors Call for 200% Capital Increase

African Development Bank  Feb 12, 2010

Capital Market Intermediaries Topic Pages:

Muni Bonds and Auction Rate Securities | Auction Rate Securities

RGE Global Outlook Update


Table of Contents


Economic Outlooks:
 Global | U.S. | Japan
China | Eurozone
Germany | France | UK
India | Brazil


Global Issues
Growth & CPI | Commodities

Top 10 Most Read

1. Commodities: Ethanol/Gasoline Spread Collapses
2. U.S.: Devil in the Details; Canada: Start of the New Normal
3. Japanese Bond Yields: How High Will They Go?
4. Eurozone Sovereign Spreads Widen Again: September Hurdles
5. Week Ahead (Week of September 6, 2010)
6. The Big Picture: It Will Get Worse Before it Gets Better
7. Approaching a Dangerous Stall Speed
8. Executive Summary: States of Flux: Stay Risk Averse
9. Taiwan's Export Growth Decelerates in August
10. Australian Election: Labor Party to Form Minority Government

FEATURED ANALYSIS

Recent Articles:
Week Ahead (Week of September 6, 2010)

Brazil Ends Tightening; Mexico’s Inflation Improves

Brazil’s Industrial Output Disappoints; Dilma Favorite for Presidency

Week Ahead (Week of August 30, 2010)

FEATURED Critical ISSUE

Featured Briefing Image

Featured Analysis

Europe Weekly Spotlight: Eurozone Q2 Growth; Is Germany Rebalancing?; Polls Near in Latvia and Sweden

By Elisa Parisi-Capone, Katharina Jungen, Mary Stokes, Parul Walia, David Rogovic and Eric Persson Aug 13, 2010

“The positive contribution from inventories, which was the main recovery driver in the eurozone, is thus likely to fizzle out in the second half of the year.”

Featured EconoMonitor Post

US EconoMonitor

On the Demand Side and the Supply Side: The Stimulus Debate

Models & Agents Sep 7, 2010

The flaming debate on how to steer the economy

[...]

FEATURED @ RGE

Japan's Lost Decade

Is Japanese Credit Growth Inelastic to Money Supply?

Bank Capital Requirements

Toward Basel III: Total Tier 1 And Tier 2 Capital Ratio To Be Set At 16%

Canada: Monetary Policy

Bank of Canada Hikes to 1%, But Is Wary About the Future

Sovereign Risk in the Eurozone

Is Ireland's Banking Crisis Manageable?

Saudi Arabia: Monetary Stance and Price Dynamics (Inflation/Deflation)

Rising Rents and Food Contributing to a Saudi Inflation Spike

ROUBINI FEEDBACK FORUM

What Do You Think?
Weigh in on Roubini.com's new look or report any problems you encounter.

Website Feedback Content Feedback