Whitepapers
2025 Default Risk Outlook: G7 + China
Default risk for High Yield Corporates and Financials forecast to rise across all G7 + China economies in 2025 with exception of the US, according to Credit Benchmark’s Default Risk Outlook.
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How the Virus Crisis Infected Credit & Solvency: Global Trends
Credit Benchmark have released a new whitepaper, using Consensus credit estimates for the past few months to assess the impact of COVID-19 on credit and solvency across the global economy. The analysis looks at countries, industries, and sectors, as well as individual corporate borrowers.
Basel IV Rules: The Impact Upon Capital Markets and the Securities Finance Industry
The forthcoming Basel IV regulations present a large-scale challenge for the securities finance industry. A new paper by Credit Benchmark outlines the cost ramifications of new rules limiting banks’ use of internal rating models for RWA purposes and the introduction of 100% RWA for unrated obligors.
The purpose of this paper is to help raise awareness of these regulations, to highlight their potential impact and to issue a call to action.
Sub-Custodians: Networks Reveal Credit Risk
The increasing complexity of global sub-custodial networks means less clarity about where an asset is held – and the credit risk of the legal entity holding it. A new whitepaper by Credit Benchmark maps this interconnectivity and sheds light on hidden potential credit risks within these networks.
The Creditworthiness of CCPs and the Global Clearing Member Network
This whitepaper examines the complex interconnected nature of the “CCP Network” – Central Counterparties, their clearing members, and the underlying clients of these members – and looks at the potential application of Consensus credit data to help bring transparency and alignment to the network.
Review of 2019 Credit Trends
This report uses bank-sourced credit risk assessments to show how 2019 unfolded in some key geographies and industries – assessments which, crucially, are based on actual expected default frequencies. By reviewing the year that was in credit risk, we can grasp some clues as to how the 2020 narrative may play out.
Consensus Sovereign Credit Data and Tradeable Anomalies in Government Bond Prices
Credit Benchmark’s latest whitepaper explores how consensus credit risk data can potentially be used in identifying tradeable short-to medium-term anomalies in Government bond prices.
