Press Releases

Contact: Som-lok Leung +1 646 583 1788 or Marcia Banks +1 646 480 0813.

Please read the Press Releases below for recent updates on IACPM projects, activities and personnel.

07/20/2017
Credit Outlook Modestly Dims for North America
Sentiment toward credit conditions in North America turned modestly more negative in IACPM’s latest quarterly Credit Outlook Survey. Forecasters expect credit spreads to widen and corporate defaults to increase.

04/21/2017
Credit Outlook Survey Forecasts More Difficult Credit Conditions
Respondents to IACPM’s latest Credit Outlook survey note a certain amount of complacency that has settled into the financial markets: Credit spreads are tight and there is little or no risk premium, even while markets confront a number of challenging issues.

01/19/2017
Latest IACPM Survey Reflects Continued Caution On Credit Outlook Amid Signs of Improvement
Respondents to the latest IACPM Credit Outlook Survey continue to forecast rising defaults and wider credit spreads but sentiment is somewhat improved over recent quarters.

10/13/2016
Latest IACPM Credit Outlook Survey Reflects Wary Outlook
Respondents to the latest IACPM Credit Outlook Survey expect rising defaults and wider spreads amid concerns over China, the energy sector, interest rates, Brexit, and the upcoming US election.

07/14/2016
Survey Respondents in Latest IACPM Credit Outlook Survey Forecast Worsening Credit Conditions in Europe Post-Brexit
Respondents to the latest IACPM Credit Outlook Survey acknowledge the general expectation for worsening credit conditions in Europe but also more difficult conditions around the rest of the world.

06/22/2016
IACPM Joins Associations in Comment Letter on the BCBS Consultative Document
A joint association letter has been submitted in response to the BCBS Consultative Document: Reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches.

04/14/2016
Latest IACPM Credit Outlook Survey Forecasts Rising Defaults and Wider Credit Spreads
In the latest IACPM Credit Outlook Survey a substantial majority of survey respondents expect credit defaults to rise over the next 12 months.

01/22/2016
Latest IACPM Credit Outlook Survey Turns Sharply Negative
The latest quarterly IACPM Credit Outlook Survey turned sharply negative as survey respondents see conditions deteriorating in every segment measured.

10/22/2015
Forecast for Rising Defaults Continues in Latest IACPM Credit Outlook Survey
Respondents to the latest IACPM Credit Outlook Survey continue to forecast rising credit defaults. Outlook for credit spreads is mixed.

07/16/2015
Strong Warning Flags Raised in Latest IACPM Credit Outlook Survey
Respondents to the latest IACPM Credit Outlook Survey sent up clear warning signs, forecasting wider spreads and rising global defaults, citing a litany of concerns, beyond merely Greece.

01/15/2015
IACPM Credit Outlook Survey Continues to Forecast Rising Defaults
The latest IACPM Credit Outlook Survey continues to forecast rising credit defaults over the next twelve months. At the same time the outlook for credit spreads is relatively benign.

01/12/2015
IACPM Announces 2015 Board of Directors
KeyCorp’s Jeffery Weaver and Bank of Tokyo-Mitsubishi UFJ’s James Baldino have been elected as Chair and Vice Chair.

10/16/2014
Latest IACPM Credit Outlook Survey Forecasts Benign Credit Spreads
The latest IACPM Credit Outlook Survey forecasts unchanged credit spreads over the next three months but reveals concern about potentially rising credit defaults over the next twelve months.

07/24/2014
Stable Credit Spreads in North America, Tighter Spreads in Europe
Respondents to the latest quarterly IACPM Credit Outlook Survey forecast continuing stable credit spreads in North America and tighter spreads in Europe.

04/17/2014
Outlook for Credit Spreads Improves, Especially in Europe
In the latest quarterly IACPM Credit Outlook survey the outlook for credit spreads over the next three months improved, especially for Europe, while the forecast for defaults worsens in all regions.

01/16/2014
Outlook for Credit Defaults Continues to Improve
Respondents to the latest IACPM Credit Outlook Survey improved their forecast for credit defaults as global economy picks up.

10/24/2013
Credit Outlook Dims in North America Despite Debt Deal
Respondents to the latest IACPM Credit Outlook Survey see credit conditions tightening in North America.

07/18/2013
IACPM Credit Outlook Survey Sees Defaults Rising From Recent Low Levels
Almost half the respondents to the latest IACPM’s Credit Outlook Survey forecast rising default rates and widening high yield credit spreads.

04/18/2013
IACPM Credit Outlook Survey Close to Neutral as Outlook for Credit Spreads Eases
Respondents to the latest IACPM Credit Outlook Survey took a decidedly neutral approach to the outlook for credit spreads over the next three months. The credit default outlook for the next twelve months is mixed.

01/17/2013
Sentiment Considerably Improved in Latest IACPM Credit Outlook Survey
Respondents in the latest IACPM Credit Outlook Survey forecast tighter credit spreads and are less pessimistic about the prospects for credit defaults.

10/24/2012
IACPM Credit Outlook Survey: Dealing with two Realities
Respondents in the latest IACPM Credit Outlook Survey see the risk of credit defaults rising and, at the same time, the outlook for credit spreads improve.

07/26/2012
IACPM Credit Outlook Survey Lower Globally
Respondents to the latest IACPM Credit Outlook Survey turned sharply negative. Outlook for both credit spreads and credit defaults are uniformly lower around the globe.

04/19/2012
IACPM Credit Outlook Survey Reflects Global Uncertainty
The latest quarterly IACPM Credit Outlook Survey reflects the global uncertainty facing the world’s financial markets and economies.

01/31/2012
IACPM Announces 2012 Board of Directors
HSBC’s Derek Saunders and KeyCorp’s Jeffery Weaver have been elected as Chair and Vice Chair.

01/20/2012
Latest IACPM Credit Outlook Survey Reflects Bifurcating View
In the latest IACPM member survey on Credit Outlook the credit spread outlook for North America improved, while at the same time, the outlook for spreads among European credits turned even more negative.

10/20/2011
IACPM Quarterly Credit Outlook Survey Turns Negative
The results of the latest IACPM Credit Outlook Survey reflect respondents’ concern over European credit crisis and US economic growth.

07/21/2011
Latest IACPM Credit Outlook Survey Reflects Global Uncertainty
Results of the latest survey are reflective of the global uncertainty regarding the outcome of the ongoing European sovereign credit crisis, as well as the outlook for the U.S. economy.

07/06/2011
IACPM Participates in NUS’s Fifth Annual Policy Forum
IACPM collaborated with the Risk Management Institute of the National University of Singapore on their Fifth Annual Policy Forum. The conference theme was “Global Imbalances and Their Risk Management Implications”, and the event which took place on July 6-7, 2011, drew over 300 delegates from banks and financial institutions, central banks, regulatory agencies, and academia.

06/30/2011
The IACPM Develops Initial Program for China
On June 14, 2011, the IACPM conducted its first meeting in China. In conjunction with Professor Chen Zhongyang of Renmin University and Tianyi Academy we presented a Forum on Credit Portfolio Management to over 35 leading Chinese banking institutions.

04/20/2011
Optimism Cools in Latest IACPM Credit Outlook Survey
In the latest IACPM Credit Outlook survey the forecast for credit spreads and defaults is still positive but down from the previous quarter.

03/13/2011
IACPM Elects 2011 Board of Directors
Deutsche Bank’s Sean Kavanagh and HSBC’s Derek Saunders have been elected as Chair and Vice Chair.

01/20/2011
Outlook Survey Forecasts Tighter Credit Spreads, Fewer Defaults
The sentiment turned sharply higher in the latest IACPM Credit Outlook survey as IACPM members expect tighter credit spreads and fewer defaults over the next 3 to 12 months.

10/18/2010
IACPM Credit Outlook Survey Turns Positive
IACPM members don’t expect a lot of improvement but believe market conditions have at least stabilized.

07/20/2010
Sentiment Turns Negative in Latest IACPM Credit Outlook Survey
After several quarters of improving forecasts sentiment turned negative in the latest survey of credit portfolio managers.

04/19/2010
IACPM Credit Outlook Survey Forecasts Fewer Defaults
Despite the positive outlook for defaults, IACPM members have a mixed view of spreads, with some questioning whether spreads have overshot.

01/21/2010
IACPM Credit Survey Forecasts Improved Credit Spread Outlook
For the first time in two years the IACPM Quarterly Survey also predicts easing defaults.

12/10/2009
IACPM Announces 2010 Board of Directors
RBC Capital Market’s Mark Hughes and Deutsche Bank’s Sean Kavanagh have been re-elected as Chair and Vice Chair.

12/03/2009
Credit Portfolio Managers Met in New York City at the IACPM 2009 Fall General Meeting
Issues discussed included the economy, credit outlook and potential new regulation and changes affecting Credit Portfolio Management.

10/22/2009
Expectation for Further Defaults Falls Sharply
Spreads Expected to Widen But Forecast is Less Pronounced

07/23/2009
IACPM Credit Outlook Survey Forecasts Wider Credit Spreads
Quarterly Survey Also Predicts Rising Defaults But Hints At Possible Bottom

05/27/2009
IACPM Elects RBC’s Mark Hughes As Chair
Sean Kavanagh at Deutsche Bank Elected As Vice Chair

04/20/2009
First Quarter IACPM Credit Outlook Survey Forecasts Wider Credit Spreads
First Quarter IACPM Credit Outlook Survey Forecasts Wider Credit Spreads and Increasing Credit Defaults

01/21/2009
IACPM Credit Outlook Survey Forecasts Tighter Spreads for Investment Grade Credit
Differing Views for High Yield; Credit Defaults Strongly Expected to Rise

10/20/2008
IACPM Credit Outlook Index Forecasts Wider Credit Spreads
But Down From 2nd Quarter Outlook; Defaults Seen Rising

01/29/2008
IACPM Elects New Board of Directors for 2008
Société Générale’s Allan Yarish Elected Chairperson. ANZ’s Neville Mallard is Vice Chair.

01/16/2007
IACPM Announces New Board of Directors: Barclay Capital’s Keith Ho Elected Chair
IACPM Announces New Board of Directors: Barclay Capital’s Keith Ho Elected Chair

12/13/2006
Industry Associations Issue Joint Statement Regarding the Communication and Use of Material Nonpublic Information

11/21/2006
IACPM Releases Letter Calling for Standard Cancellability in LCDS Contracts

09/27/2006
ISDA, IACPM Study Supports Internal Credit Models Approach

06/15/2006
New Associate Director Marcia Banks Joins IACPM

12/12/2005
Sound Practices Released
IACPM Issues Sound Practices in Credit Portfolio Management; Sets Benchmarks For Portfolio Managers

12/12/2005
Sound Practices Released

11/28/2005
IACPM Announces Board Elections and 2006 Key Projects

04/25/2005
IACPM Names Som-lok Leung Executive Director