Reference obligations and obligors are known as “names.”  BIS Review 28/2007  1  names in both North America and Europe. Recently, newer indexes have been created in other market segments, including securities backed by commercial mortgages, subprime residential mortgages, and European leveraged loans. 2 Among the more complex credit derivatives, the credit index tranches stand out as an important development.
Throughout the region, we have deep trade, cultural and political ties, and the region accounts for 60 percent of our trade and capital flows. EMEAP and its working groups are important channels for building relationships, discussing developments in member countries, and exchanging experiences and ideas on financial stability and regulation.