Standard & Poor’s
Esma sounds alarm over conflicts at CLO raters
Investigation points to analysts meeting with managers and notes softening of rating methodologies
Scared of fallen angels? So are the rating agencies
Data shows rating agencies more reluctant to downgrade firms at the investment-grade boundary
Banks join forces on model development utility
Crisil is working with HSBC and three other banks on platform to share model-building tools
S&P resists mapping new China onshore ratings to global scale
Uncertainty over state support and accounting prompts agency to keep Chinese ratings separate
Sovereign risk weights cannot wait
Why reform of Basel rules is urgent – and how to improve on December 2017 proposals
Pooled resources offer way to keep credit models afloat
Supervisors drive banks to seek more corporate default data and cost-effective model improvements
Brexit, EU regulation and a new benchmark
The week on Risk.net, July 28-August 3, 2018
Investors cheer debut Fannie SOFR note launch
Healthy demand could have been higher if S&P had approved benchmark
The DIY approach to China bond investing
Lack of international ratings means foreign investors will need research resources of their own
China TLAC uncertainty frustrates capital planning
Banks face $1 trillion issuance crunch if regulators take too long to define bail-in debt
Esma's Mifir endorsement of ISIN identifiers questioned
Markit and Bloomberg claim Red codes and Figis should be used for trade reporting
DBRS and Fitch consider bail-in boost for swap ratings
If agencies follow Moody's lead, S&P would be isolated
Granger-causal nonlinear financial networks
This paper aims to quantify cascades of price movements in financial markets. It considers nonlinear lead-lag effects with stocks in the S&P 100 as nodes, and it also looks at directed links between the stocks identified through Granger causality. The…
Questions remain about China banks' TLAC exemption
China is one of only two Asian countries with G-Sibs – but unlike Japan its banks can sidestep TLAC
'Santa Claus' equity market rally given credence by S&P
December is roughly four times more profitable than the average month, finds research
S&P court loss in Australia unlikely to spark rival claims
Standard & Poor's found to owe duty of care with CDO ratings
Credit fears hold back US solar securitisation deals
SolarCity deals show potential and pitfalls of new asset class
Australian CPDO judgment reveals S&P and ABN Amro's errors
An extraordinary Australian court judgement shines a light on the errors and deceit that led to the granting of a triple-A rating to ABN Amro’s Surf constant proportion debt obligation in 2006. Lukas Becker reports