Ratings reform: regulation or reinvention?

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New legislation was passed in the US at the end of October to address some of the perceived failings of the rating agencies during the financial crisis. Credit looks at industry reaction to the measures and finds out what steps the agencies are taking in-house to restore confidence.

While the financial markets continue along a path to recovery that began in the second quarter of this year, behind the scenes legislators are still focused on implementing measures they hope will prevent future

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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