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2012

IACPM Submits Comment Letter to Basel Committee

On October 16, 2012 the IACPM submitted  a comment letter to the Basel Committee on Banking Supervision on publication BCBS227 “Capital Requirements for Bank Exposures to Central Counterparties” to clarify the risk weighting of IRB banking book loan exposures hedged with cleared CDS from a qualifying central counterparty.  The goal is to ensure the correct understanding how …

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IACPM Submits Follow-Up Letter and Research Results to SEC on Proposed Rule 127B

The IACPM sent a follow-up to the Comment Letter to the SEC in response to SEC’s proposed rule 127B, dated February 6, 2012.  This second letter is a reply to observations made and questions posed during a meeting of SEC staff with members of the International Association of Credit Portfolio Managers (IACPM), Citigroup, Deutsche Bank and Sullivan & Cromwell on April 25, 2012 (memorandum).  The letter …

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IACPM Credit Outlook Survey Reflects Global Uncertainty

European Credit Defaults Seen Rising But Global Credit Spreads Forecast to Remain at Current Levels           New York, NY –The latest quarterly IACPM Credit Outlook Survey reflects the global uncertainty facing the world’s financial markets and economies. Survey respondents are mildly positive regarding the outlook for credit spreads in North America while they remain slightly negative …

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IACPM Submits Comment Letter to SEC on Proposed Rule 127B

The IACPM submitted a comment letter to the SEC in response to SEC’s proposed rule 127B.  The IACPM argues that synthetic bank balance sheet CDOs should not be prohibited under this rule, which addresses conflicts of interest in certain securitizations. The comment letter can be accessed here. All comments to the SEC are publicly available on the SEC website.

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IACPM Announces 2012 Board of Directors

HSBC’s Derek Saunders Elected Chair; KeyCorp’s Jeffery Weaver Vice Chair New York, NY – The International Association of Credit Portfolio Managers is announcing today Derek Saunders, Global Head of Portfolio Management at HSBC, will serve as Chair of the Association, while Jeffery Weaver, Executive Vice President & Group Head, Credit Portfolio Management at KeyCorp, will serve …

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