Transcript
  • Global Securitization Trend Risk Management Challenge for BASEL II

    Grace Chu, Taiwan International Securities Corporation ,,

  • BASEL II

  • FEDGreenspanInstruments of Financial Stability911Warren BuffetWeapons of Mass Destruction

  • GreenspanCredit Default SwapCDSCollaterlized Debt ObligationsCDOCredit-Linked NotesCLNEnronGlobal CrossingSwissairRailtrackWorldCom20022004Prevented a Collapse in the Banking Industry

  • CDO

  • CDO VS. CDO

  • Cash CDOSynthetic DO

  • CDO1995 VS. 2005

  • CDOCDO125029009.6%2005CDO15CDO

  • CDOCDOCDO1.5%~1.75%0.4%3Merril LynchCitibankCDO

  • CDOALibor1520AALibor14020Christopher RicciardiCDO20

  • CDOCDODelphi GLG Partners

  • Warren BuffetHedge FundCDOCDSBig Sellers of Credit Protection

  • Warren BuffetDelphiCDO127 CDO39 CDO DelphiMajor CompanyCDS


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