... consequences, it is necessary to make two assumptions. The first is that risk managers, risk committees and those involved in the pricing of loans will, explicitly or implicitly, have targets which encourage them to contribute to the reduction of earnings volatility in their bank. This assumption is clearly...

...Simon Page; Mark Winter The authors trace the inside story of a ground‐breaking transaction which they pioneered. It enabled Barclays Bank to shed all the credit risk it held as the result of originating unsecured consumer loans in a particular branded portfolio. As such the transaction allowed...

... a current deal that Bank of America has structured using credit derivatives. © Company 2001 Credit Derivatives Risk Swaps Value Loans The data in Table I, taken from a study conducted by the British Bankers Association, demonstrates that the credit derivatives market has grown...