Italian courts are prosecuting former officials involved in derivatives terminated by Morgan Stanley nine years ago. But the US bank actually did Italy a favour, unlike the country’s other sovereign counterparties.
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Italian courts are prosecuting former officials involved in derivatives terminated by Morgan Stanley nine years ago. But the US bank actually did Italy a favour, unlike the country’s other sovereign counterparties.
Continue reading..Ten years after Lehman, nothing evokes the crisis better than the plunge in collateralised debt obligations that was a key indicator of systemic risk at the time. This article includes a visualisation of a unique ratings agency database that will be kept on this site as a matter of public record. They rated every deal,…
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