Speculative-grade default rates in the European Union (EU) rose to a record high in the second quarter, surpassing both the global and U.S. default rates for the first time since the second quarter of 2001, a report released by Standard & Poor’s said. The EU recorded a quarterly default rate of 5.11% in the second quarter compared with a rate of 2.39% in the U.S. and a global rate of 2.54%. A quarter earlier, the EU default rate came in at 2.84% compared with 2.49% for the U.S. and 4.10% globally. ‘Most of the credit deterioration in the first half was attributable to telecommunications and media issuers. The rising default rates affirm our downbeat expectations with regard to credit quality,’ Diane Vazza, head of Standard & Poor’s Global Fixed Income Research, said.
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