News
A $35 billion bite from U.S. bank profits may only be the start
Things are about to get ugly. But nobody knows how ugly.
News
European credit risk rises with weak results
Credit risk in Europe reversed early tightening after gloomy earnings highlighted the fragility of economic recovery during the pandemic.
Article
Fallen Angels: Growing numbers signal 2020 default spikes
Consensus credit data shows a growing number of companies are falling over the cliff edge, and although Fallen Angels are still in a minority, rates continue to rise in some sectors.
News
Father of the Z-score predicts surge in ‘mega’ bankruptcies
Companies seem to be exploiting market rebound, Altman says.
Market Analysis
How new EBA rules will impact credit risk & ESG data requirements
EBA publishes new guidelines on loan origination and monitoring, addressing shortcomings in credit-granting practices by banks, highlighted by the pandemic.
Market Analysis
Why credit risk managers need to see around corners
The pandemic has exposed the fragility of long-established market and supply chain systems, affecting borrowers’ ability to repay debt.
Selloff leaves high yield more interesting but not of interest yet
An assessment of high yield after quick correction.
Why firms should start trading repo electronically now
Repo markets are gradually moving towards greater electronification leading to a growing appetite for e-trading.
The theoretical foundations of XVAs
As market use of XVAs has become more extensive, research into their theoretical foundations by quantitative analysts has proceeded in parallel.
Reaping the benefits of XVA centralization: Q & A
More banks have been setting up centralized XVA desks as institutions have become aware of the importance of appropriately quantifying and managing the costs to their derivatives business.