Brexit Risk And The Wisdom Of Crowds
The UK referendum decision to leave the EU may have taken markets and betting exchanges by surprise, but Credit Benchmark data shows that IRB banks have been increasingly cautious on the UK for some months. Contributing banks re-assessed the UK Sovereign Probability of Default (‘PD’) in March, effectively downgrading the UK Government from. Today, S&P […]
Risk Premiums Can Improve Capital Efficiency
The Basel Committee on Banking Supervision is proposing significant changes to the use of internal risk models by IRB banks, and the final date for industry responses is the end of this week. A copy of the press release and paper can be found here One proposal which could have a significant impact beyond the global […]
Corporate Defaults – Is The Very Long Run Trend Changing?
If the Basel Committee on Banking Supervision implements its March 2016 proposals this year, banks will need to expand their historical default datasets in order to justify their Probability of Default (“PD”) estimates. One of the key challenges is the lack of relevant default data, and this is one of the reasons that the BCBS is […]
Credit Benchmark Named In Business Insider’s List Of 16 Hot UK Fintech Startups
Financial technology — also known as fintech — is one of the hottest areas of investment at the moment and one of the scariest developments for banks. Many lenders are losing business to more innovative and customer-focused startups offering cheaper, quicker, online services. London is leading the way in Europe, with two fintech startups there already reaching […]
Sovereign Credit Default Swaps And Consensus Credit Estimates
This White Paper shows that consensus credit risk data sourced from IRB banks can be combined with market data to give realistic, indicative valuations for a broad range of traded and untraded assets. This framework has many applications, not just for Sovereign CDS but also for Corporate CDS and bonds, as well as bilateral loan insurance […]
Impact Of BCBS Proposals On IRB Banks
The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a call for responses by the end of June. The Credit Benchmark submission aims to quantify some of the possible positive and negative impacts of the BCBS proposals. This report is based on the monthly Ex […]
Credit Benchmark Named Again In The FinTech50 List
Credit Benchmark was once again recognised in the FinTech50 list, an annual list published by FinTechCity recognising the leading 50 European FinTechs who are transforming financial services. For the complete list, please refer to the link below. View original article (external link)
Sovereign Default Risk In Developing Economies
This paper examines the use cases for Credit Benchmark’s Consensus Probabilities of Default (Consensus PDs), in the context of more established indicators of Sovereign Default Risk. We suggest that Consensus PDs, as an additional dataset that is both robust and broad, can play a valuable role in compensating for low signal-to-noise in other metrics. It […]
Introduction For Credit Portfolio Managers
Credit Benchmark is a market-led response to three of the most critical issues facing credit risk professionals: 1) The need to improve credit risk management through internal benchmarking, 2) The requirement to justify internal model outputs to supervisors, 3) The insufficiency of robust external data. This note examines the applications for Credit Benchmark Consensus Risk Estimates within the Credit […]
Credit Benchmark Gets Further $20M For Its Consensus Credit Risk Platform
A year on from an Index Ventures-led $7 million Series A, London-based fintech startup Credit Benchmark has extended its runway with a $20 million Series B. The startup is building a platform aimed at improving financial market benchmarks and risk assessment analysis by aggregating anonymized credit risk data from multiple banks to build up consensus […]
