In 2015 the IACPM continued to expand regulatory advocacy efforts by holding meetings with regulatory and supervisory agencies around the world to discuss topics important to credit portfolio managers. Please click here for a brief summary of some of IACPM’s advocacy actions in 2015.
2015
Forecast for Rising Defaults Continues in Latest IACPM Credit Outlook Survey
View Of Credit Spreads Closer To Neutral New York, NY – Respondents to the latest IACPM Credit Outlook Survey continue to forecast rising credit defaults over the next 12 months in every category of debt tracked by the survey and in every region of the world, just as they have every quarter since the second quarter …
Strong Warning Flags Raised in Latest IACPM Credit Outlook Survey
Respondents Forecast Rising Defaults And Wider Spreads Citing Global Concerns Beyond Greece New York, NY – Respondents to the latest IACPM Credit Outlook Survey sent up clear warning signs, forecasting wider spreads and rising global defaults. The outlook for credit spreads was negative -45.2, while the outlook for defaults was minus -34.6. Both …
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 …
IACPM Publishes Principles and Practices: 2015 Expanding Role of Credit Portfolio Management
IACPM has published a White Paper on the findings of its 2015 biennial Principles and Practices in CPM member survey. This was the fifth time that the IACPM conducted this study; 61 IACPM member firms participated. Principles and Practices: 2015 – Expanding Role of Credit Portfolio Management
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 …
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 …
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 …
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 …
IACPM Chairman Jeffery Weaver Examines the Credit Landscape for 2015
With an eye on what lies ahead for the industry in 2015, Jeff Weaver, Chairman of the IACPM’s Board of Directors, spoke with SmartBrief on key issues facing financial services and CPM. Mr. Weaver is an Executive Vice President and Group Head of CPM at KeyCorp. Please click here to read the full interview.