In a recent Thomas Day posting about the recent bond sell-off triggering concerns about the maturing low IG debt at the median of the issuer distribution for US, European and other credit markets. Is it really still BBB? Was it ever really BBB? asks Dr. Chris Donegan CDO markets around...

Charlan Nemeth teaches graduate level psychology at UC Berkeley. She has conducted scholarly research on the psychology and impact of dissent on decision-making in different professional settings (courtroom, laboratory, new business ventures) for decades. In 2018, she published the definitive synthesis of her findings in a...

In his autobiography, Henning Mankell as he was battling cancer wrote of a famous family portrait from the early 1770s. Gathered around Gustaf Frederik Hjortberg are his wife Anna Helena and their fifteen children, including the ones already dead. Mankell wrote,  Their brief visit to this earth was...

To Boomers, shave and a haircut, two bits brings back memories of Looney Tunes. It's also the essence of what is wrong with structured finance credit ratings. Wait, do structured finance credit ratings still need fixing? Many assume the answer is "no" because the causes of the GFC are no...

According to the 21st Century Economics website, China's National Inter-bank Funding Center has issued a detailed implementing ruling for disposing of defaulted obligations through repurchase approved by the PBOC on 17 June 2019. The ruling applies when a repurchasing-purchaser triggers an event of default in a...

由北京市人民政府主办的“2019金融街论坛年会”于5月29日-30日在北京举行。主题为:深化金融供给侧结构性改革,推动经济高质量发展。 中国人民银行行长易纲表示,继5月15号人民银行对千余家县域金融机构降低存款准备金率后,6月17日和7月15号将进行第二、第三次定向降准,总计将释放3000亿资金。中国证券业协会副会长孟宥慈表示证券法修订案的第三稿已经正式公开征求意见,有望为资本市场和证券行业的高质量发展进一步提供法律和制度的保障。   The main theme of the Annual Conference of Financial Street Forum 2019 (Beijing, May 29-30) was Deepening Financial Supply-side Structural Reform and Promoting High-quality Economic Development. People's Bank of China (PBOC) president Yi Gang [https://en.wikipedia.org/wiki/Yi_Gang] announced a total stimulus of 300 BN Yuan. On May 15,...

Michael Bright, the incoming president and CEO of SFIG, the U.S. securitization lobby, has pledged "to provide meaningful education, advocacy, and connection for our members across all aspects of securitization.” The former EVP and COO of GNMA established his mortgage credentials working for former Senator Corker...

Who the heck still makes sauerkraut? Actually I do, after being seduced by some handsome ceramic crocks made in Poland and advertised on a chef’s website. “Think of the experimental possibilities!!” I bought one 5L pot and then another, and then a 10L pot. It seems...

Authors: Ann Rutledge (CSC); Wang Huan (汪欢,夏门国金), Chen Bolin (陈伯霖,夏门国金); Bolun Deng (CSC); Nancy Jiang (CSC), Amber Chen (CSC) Bond Connect (债券通) opened for business July 3, 2017. If you're like us, you've read about it dozens of times but still may not have a clear...