Defaults on European corporate bonds rose by roughly 60 per cent in 2002, making it a watershed year for defaults in Europe, according to a new report by Moody’s. ‘Europe has seen a dramatic increase in the overall default rate in 2002, especially in the speculative-grade arena,’ said Moody’s Vice President and Senior Analyst Praveen Varma. The overall default rate increased sharply from 1.8 per cent in 2001 to 2.9 per cent in 2002, a proportional increase of roughly 60 per cent in one year. The rise in the speculative-grade default rate was even larger, soaring to over 20 per cent for 2002 from 12.7 per cent in 2001.
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