Credit Benchmark Data On France Cited In City AM Article
Independent French candidate Emmanuel Macron has topped another Presidential election poll with his far-right rival Marine Le Pen set to visit Moscow on Friday. Macron will win 26 per cent of the vote in the first round, beating Le Pen by one percentage point, according to the poll for France Televisions carried out by Harris […]
No Light Touch Regulation For Insurers Post-Brexit, But Flexible Approach To Illiquid Credit
UK insurers hoping Brexit might signal a bonfire of regulations, particularly the onerous and complex requirements of the Solvency II directive, got a glimpse of what the future might hold at a seminar hosted by the London Business School this week. Sam Woods, deputy governor of the Bank of England and chief executive of the […]
UK Sovereign Risk Rising Despite Strong Gilt Performance
In 2009 the UK’s Debt Management Office (DMO) oversaw record gilt issuance of £227 billion ($275 billion). At the time, Pimco’s Bill Gross described UK government debt as resting on a “bed of nitroglycerin”. Since then, however, the total return for investors in gilts has been 60%. Gilts have benefitted from several tailwinds: the Bank […]
Credit Benchmark At RiskMinds Insurance In Amsterdam This Week
Credit Benchmark are at the RiskMinds Insurance conference at the Hotel Okura in Amsterdam this week. Mahim Mehra and team are around all day today and tomorrow, and David Carruthers the latest bank-sourced data and research on Wednesday. David’s presentation will show the current data coverage and discuss some of the current use cases for the data. […]
Central Counterparty Credit Risks Show Significant Variation
Outstanding derivative contracts are being progressively transferred to Central Counterparties (“CCPs”). The CCP framework is intended to minimize global (i.e. systemic) risk as well as local credit risk. This note uses Credit Benchmark data provided by global IRB banks to estimate the relative credit risk of 26 CCPs in Europe and North America, based on […]
Global Airlines Sector: Credit Trends
Whitepaper // No.8February 2017Airline Industry Trends Download the PDF “Global Airlines Sector: Credit Trends“ The global airlines sector made record profits last year. Long term global population growth and short to medium term oil trends continue to be favourable. Monthly data shows that credit views of individual airlines have changed rapidly over the past year, […]
Dow Above 20,000 But Banks Increasingly Cautious On Credit Risk
On January 25th, the Dow Jones Industrial Average (the “Dow”) closed above 20,000 for the first time in its history. This milestone has made headlines around the world, and is seen as a vote of confidence in the economic agenda of the new administration. However, bank data shows that the credit risk of the Dow […]
EU Sovereign Credit Risk Index: Some Divergences, But Improving Trend
The EU Sovereign Credit Risk Index covers all 28 EU member states, including the UK. Greece has made major steps towards reform (see Greece news article) but remains the highest risk EU Sovereign, by a considerable margin. Compared with mid-2016, the latest data shows modest improvements in 11 countries – Ireland, Spain, Portugal , Lithuania, Austria, Slovakia, […]
Argentina Attracting Foreign Investment And Credit Showing Steady Improvement
Argentina emerged from default last year and its economic indicators are beginning to improve. The economy is still in recession but appears to be finding a base, and inflation, while high (estimated at 17%) is falling. The agriculture sector is now only 10% of GDP, but is growing; and Construction and Real Estate are booming […]
Trump Stance On IMF And EU May Undermine Positive Credit Outlook For Greece
In 2016, the Greek debt crisis was largely overshadowed in the media by other international dramas, including the U.K. Brexit vote and the U.S. election. Nevertheless, during this period banks were increasingly optimistic regarding the country’s credit progress – following the release of EU funds in December 2015, the banks upgraded their views of Greek’s […]
