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2015

IACPM Submits Clarification on Tranche Cover Transactions to BCBS and IOSCO

On February 13, 2015 the International Association of Credit Portfolio Managers (the “IACPM”) had the opportunity to comment on the consultative document, “Criteria for identifying simple, transparent and comparable securitisations” (the “CD”). The IACPM remains concerned that synthetic tranched protection on a portfolio of banking exposures, or (Tranched Covers as it can be called from …

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IACPM Comments on Guidance on Accounting for Expected Credit Losses

The IACPM submitted a comment letter to the Basel Committee in response to the Consultative Document “Guidance on accounting for expected credit losses” released February 2015, addressing the topics of Use of Forward-looking Information, Guidance for Credit Risk Management versus Accounting, 12-month Expected Credit Loss, Significant Increases in Credit Risk, Use of Practical Expedient/Proportionality Issue, the …

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Credit Outlook Sharply Improves in Europe While Declining in North America in Latest IACPM Credit Outlook Survey

Forecast For Asia Remains Negative New York, NY – In a sharp reversal, the credit outlook for Europe significantly improved in the latest IACPM Credit Outlook survey, while the outlook for North America worsened. To be sure, the credit default outlook for European corporate debt remains modestly negative but is still considerably better than the reading …

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IACPM Joins Associations in Comment Letter on Revisions to the Standardized Approach for credit risk

The IACPM has joined the Institute of International Finance (IIF) and Global Financial Markets Association (GFMA) to comment on the proposals set out in the consultative document “Revisions to the Standardized Approach for Credit Risk” published by the Basel Committee on Banking Supervision on December 22, 2014 (BCBS d307).  The joint association letter addresses various …

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IACPM Comments on BCBS’s and IOSCO’s Criteria for Identifying Simple, Transparent and Comparable Securitizations

The IACPM submitted a comment letter to the BCBS and the IOSCO to comment on the consultative document “Criteria for identifying simple, transparent and comparable securitizations” (D304). In the comment letter, IACPM describes the important role of securitization tools in the management of bank credit portfolios, supporting the views articulated by other groups as part …

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