Fixed-Income Securities and Derivatives Handbook, Second Edition

FOREWORD

I remember the first time I met Moorad Choudhry—a man, it seems, who is very well known in the banking community. It was late evening on a rainy day in London at the Dorchester Hotel, where Moody’s Investors Service was hosting a cocktail party in connection with its annual asset-backed commercial paper conference. I was invited by my law firm to mingle with bankers, raters, accountants, and other lawyers on a day of panel workshops covering the short-term money markets.

Standing with some attendees that I knew fairly well, I noticed a wizened, older gentleman with grey hair and a classic English pinstripe suit peering into our group, studying me. A few minutes later, an immaculately dressed lady with dark hair and glasses walked by, ...