Credit Risk
77 white papers and resources
Consumer credit - getting ready for the new regulator
The government recently decided to transfer regulatory responsibility of consumer credit and second charge mortgages from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA). This white paper analyses this decision and sets out an anticipated time-line for transfer.
Banking crisis in Cyprus: Q&A on the new banking laws
Harneys answers frequently asked questions about banking in Cyprus in the context of the current banking crisis. Key issues discussed include circumstances under which the Deposit Protection Scheme is activated, which deposits are covered by the Deposit Protection Fund and depositor compensation.
How the Greek debt reorganisation of 2012 changed the rules of sovereign insolvency
This white paper explores how the Greek debt reorganisation of 2012 changed the rules of sovereign insolvency. It considers the ways in which this particular sovereign bankruptcy could affect future sovereign bankruptcies.
Wrong-way CVA done right
Credit valuation adjustment (CVA) has been at the forefront of many discussions since the 2007–2008 financial crisis as a result of losses taken by major market participants due to counterparty defaults on derivatives. Basel III and threatened clearing requirements are driving change.
Potential Eurozone break-up: some questions and answers
In this white paper, Herbert Smith considers some of the issues which would arise if a Member State were to decide to leave the Eurozone (or, indeed, be expelled). There are a number of potential methods by which a Member State could leave the Eurozone, with different consequences.
China Construction Bank fortifies its leading market position
The improvement of China Construction Bank’s risk management tools and processes in 2010 cemented its influential position in the industry and led to it being named Asia Risk’s 2011 House of the Year, China.
Recalibration machine
A revolution is under way in the market of contingent claims, the consequences of which are yet to be learned. Trilemma, a new technology vendor, addresses the shift in the pricing of these claims from a probability theory to a recalibration machine. It compares this shift to the scientific…
Risk Model Validation
Senior management are expected to make crucial business decisions using complex risk models. Controversial discussions concerning the use of risk models during the financial crisis, and the new regulatory framework, have highlighted the need for a consistent approach, and the dangers that exist.
Counterparty credit risk in portfolio risk management
Prominent financial institution failures reminded market participants that over-the-counter derivatives bring counterparty credit risk. UBS Delta is providing tools for clients to measure counterparty exposure alongside other investment risk.
BNY Mellon – focusing clients on their core activities
Never has the need for efficient management around over-the-counter derivatives business been more crucial, or such a focus, as it is today. BNY Mellon discusses how, with its collateral management services, it has helped clients achieve greater operational efficiency.