Even as credit conditions have begun to deteriorate globally, the latest IACPM Credit Outlook Survey forecasts even higher defaults and wider credit spreads in the months ahead.
Members of the International Association of Credit Portfolio Managers responding to the latest IACPM Credit Outlook Survey forecast rising credit defaults globally.
Increased defaults will be driven by continued expectations for higher inflation and rising interest rates as well as supply chain issues.
The IACPM responded to the PRA Consultation on the Implementation of Basel Standards.
Waves of government stimulus have stabilized corporate loan portfolios, but IACPM members voice concern about possible long-term impact of the mammoth amount of liquidity.
IACPM joined the Global Financial Markets Association, the Institute of International Finance and the Structured Finance Association to respond to the Basel Committee’s technical amendment on capital treatment of securitisations of non-performing loans.
IACPM provided comments to the European Banking Authority on the revised guidelines for significant risk transfer (SRT) under the CRR. The EBA had requested feedback to the December 2017 SRT published rules.
To support its membership in these challenging times, the IACPM has compiled a reference list by jurisdiction of published COVID-19 Regulatory Guidelines relevant to the Credit Portfolio Management Function.
IACPM Survey Forecasts Wider Credit Spreads And Rising Defaults As Respondents Keep Eye On Global Central Banks.