Clinging to collateral Investors have become more aware about the security of collateral since the collapse of Lehman Brothers. A number of hedge funds are now insisting margin posted on derivatives trades is not rehypothecated — A trend that could drive up costs.

Verbriefung Das Europäische Parlament und das US-Schatzamt verfolgen Pläne zur Einführung eines Selbstbehalts für Verbriefungsgeschäfte, um die Interessen von Investoren und Originatoren besser aufeinander abzustimmen. Marktteilnehmer klagen jedoch, der Schritt sei unüberlegt und werde vielleicht sogar dazu führen, dass die Investoren von verbrieften Produkten Abstand nehmen

Whittall, Christopher, (2009)

Profile The collapse of Lehman Brothers in September 2008 has become a watershed for financial markets. Tom Bolland, former chief risk officer at Lehman Brothers International (Europe), speaks to Risk about the bankruptcy and administration of the UK broker-dealer.

Whittall, Christopher, (2010)

Correlation Correlation between asset classes has remained at high levels this year, despite a fall in volatility. This presents a potential opportunity for traders, but could also pose significant risks.

Whittall, Christopher, (2010)