A new rating scale for U.S. secured bank loans has been launched by Standard & Poor’s. The scale will indicate the range of expected loss or recovery that an investor can anticipate in the event of default by an issuer. Standard & Poor’s will assign the new Recovery Rating to new secured loans that it rates, along with its existing Bank Loan Rating. ‘The ratings will allow banks and institutional investors to quantify the likely loss they will experience if specific assets in their portfolios default,’ said William Chew, managing director of Standard & Poor’s. ‘Used in conjunction with Standard & Poor’s traditional default-oriented Corporate Credit Ratings, our new Recovery Ratings for secured bank loans in the U.S. will provide investors with the two critical dimensions of credit risk: default and loss given default. This information can then be used in risk management strategies, including calculating required reserves and capital adequacy.’
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