Standard & Poor’s has clarified its position on the placement of European structured finance ratings on CreditWatch with negative, developing, or positive implications following an increase rating actions in recent months. Stuart Nelson, ratings analyst in the surveillance group of Structured Finance Ratings in London, said the main rationale for using CreditWatch placements is to inform the market that, following a particular event or deviation from expected performance, the agency is in the process of collecting and analyzing information in order to evaluate its ratings on the notes in the transaction. ‘The CreditWatch tool is used if an event or a deviation from the expected trend has occurred or could occur that may have an effect on the ratings,’ he said. ‘The analysis falls outside the day-to-day surveillance of the transaction.’ Mr. Nelson was quick to stress that a CreditWatch negative or positive placement did not mean a rating change was inevitable, and conversely that ratings not on CreditWatch were not immune from immediate rating action.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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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