The two firms will build an interface between Standard & Poor’s CreditModel™, an Internet-accessible credit scoring model for public and private firms, and RiskMetrics’ CreditManager, a credit portfolio risk measurement, analysis and reporting tool. The interface will allow customers to access CreditModel™ analytics and generate obligor credit scores directly from within CreditManager. CreditModel™ is a series of industry and region specific credit scoring models that give users the ability to quickly and easily generate high quality evaluations of an organization’s creditworthiness. While not actual credit ratings, the scores reflect Standard & Poor’s credit analysis experience in each sector. CreditManager is a stand-alone application for the measurement and analysis of portfolio Value-at-Risk (VaR) due to credit events including upgrades, downgrades and defaults. CreditManager implements the industry standard CreditMetrics™ methodology and enables banks, fund managers and other financial institutions to consolidate credit risk across their entire organizations.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.