Fitch Risk Management, a wholly owned subsidiary of Fimalac, S.A., has announced the acquisition of the Credit Ratings System (CRS), a comprehensive credit assessment system, from Credit Suisse First Boston (CSFB). CRS consists of a suite of 12 quantitative rating models that use statistically proven relationships to estimate long-term credit ratings. CRS was developed by CSFB over the past six years to support its credit function. The system, which is used to predict credit ratings, has individual models for public and private US, European and Japanese corporates, public and private telecommunication companies, utilities, SMEs, and US, European and Japanese banks. In addition, the system is flexible enough to accept the user’s own proprietary inputs.
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.