Although rating downgrades continued to outnumber upgrades in western Europe in the second quarter of 2003, the non-financial sector experienced not only a fall in the number of downgrades, to 28 from 36 in 2003 Q1, but also an increase in upgrades, to 11, according to a new Moody’s report. The increase represents the highest quarterly total since records began at the start of 1995. This easing of the decline in non-financial sector creditworthiness was largely a result of an absence of rating downgrades in the telecoms sector and a fall in the number of utility sector downgrades, said Moody’s. ‘Even in the event that an economic recovery is not forthcoming in western Europe in 2003, the total number of non-financial sector downgrades is likely to be lower for the year as a whole than in 2002,’ said Alice Keegan, a London-based economist . Refinancing costs remain low, the pace of debt accumulation has decelerated and costs cuts and asset disposals have helped to shore up profit margins.
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