The dollar volume of corporate debt that defaulted in the first quarter of 2003 dropped far below the record amounts that defaulted in previous quarters, but the rate of defaults remains above average, according to Standard & Poor’s Risk Solutions. So far this year, 38 companies globally have defaulted on $11.3 billion of debt. The rate of corporate defaults is expected to remain high throughout the rest of the year, though not at the high water marks reached in 2001 and 2002. ‘The $11.3 billion that defaulted in the first quarter is a welcome break from the unprecedented volume of defaults in recent years and is well below the $181.7 billion that defaulted in all of 2002,’ reported Brooks Brady, Associate Director for default research at Standard & Poor’s Risk Solutions. ‘Globally, default rates remain above average and are expected to remain so throughout the rest of the year.’
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