Moody’s Risk Management Services announced a new product, LossCalcTM, that predicts recovery rates for debt instruments that have defaulted. Moody’s LossCalc is an extension and enhancement of Loss Given Default (LGD) research that Moody’s has conducted and published for over ten years, aiding market participants in predicting the extent of losses that might be suffered by investors with defaulted debt obligations. Loss given default is an estimate of the loss a creditor will incur if the borrower of a loan or the issuer of a bond defaults. It is an important component in determining the prices of financial instruments such as bonds, loans, and derivatives and it is essential for credit risk management. Unlike traditional approaches, LossCalc incorporates macroeconomic information, industry, and firm-specific data. LossCalc produces estimates at both the immediate and the one-year time horizons. This allows LossCalc to be usedover a range of debt maturities.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more