Increased defaults will be driven by continued expectations for higher inflation and rising interest rates as well as supply chain issues.
2021
IACPM responds to the Securities and Exchange Commission
IACPM provided comments to the Securities and Exchange Commission on Rule 10B-1 and 9J-1. The IACPM Response Letter focused on the impact of these rules to credit portfolio managers that use credit default swaps to manage risk in loan portfolios.
Rising Inflation, Higher Interest Rates Prompt Forecasts of Wider Credit Spreads and Higher Defaults
A confluence of higher inflation, rising interest rates, supply chain issues and labor shortages have prompted respondents to the latest IACPM Credit Outlook Survey to forecast wider credit spreads over the next three months.
Latest IACPM Credit Outlook Survey Forecasts Worsening Credit Conditions
Survey respondents to the latest IACPM Credit Outlook Survey are modestly less optimistic about future credit conditions.
Default Fears Fade Globally as Government Stimulus Floods Economy
While the amount of stimulus has been critical in providing an underpinning for businesses, as well as consumers, it also resulted in concern about inflation.
Managing Non-Financial Risks
Managing Non-Financial Risks IACPM/ BCG Study 2020 Non-financial risks related to Information Security & Cyber, Climate Change & ESG, Pandemics & Resiliency, Reputational Risk, and Technological Innovation/ Digital Risk are …
First Positive Reading Since Beginning of Crisis
While the credit outlook has improved across the globe, there are differences between North America and the rest of the world, especially Europe.
Will Stimulus Lead to Inflation and Higher Interest Rates?
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.