Latest Credit risk News: Finextra Research

Micro-lending site Kiva taps Moody's credit risk expertise

Kiva, an online outfit that enables people to make loans to entrepreneurs and small businesses around the world, has partnered Moody's to issue credit ratings for microfinace institutions the site works with.

28 September 2009

News/Credit risk

Call for national reference data respository to combat systemic risk

The American Statistical Association (ASA), as well as the EDM Council, have endorsed a petition to create a new US Federal agency to build and oversee a centralised utility for maintaining reference and trade data.

07 August 2009

News/Credit risk

US Justice Dept. investigates Markit shareholders - Bloomberg

The US Justice department is probing the shareholders of London-based data provider Markit for possible anti-trust breaches in relation to trading in credit default swaps, according to Bloomberg.

14 July 2009

News/Credit risk

Allied Bank taps SAS for risk management

Pakistan's Allied Bank has signed for risk management technology from SAS to help it meet Basel II regulatory requirements and improve credit ratings.

08 June 2009

News/Credit risk

Online lender Wonga.com secures $22m financing round

Wonga.com, an online provider of short-term cash advances launched last year, has completed a new round of funding led by Accel Partners and Greylock Partners. The $22.25m round was also supported by existing investor Balderton Capital.

08 June 2009

News/Credit risk

Nordea signs for SunGard Adaptiv Analytics

Scandinavian bank Nordea is rolling out SunGard Adapitv Analytics to improve the measurement and management of counterparty credit exposure in its capital markets products.

20 May 2009

News/Credit risk

China Construction Bank (Asia) deploys Fiserv market risk technology

China Construction Bank has rolled out market risk management technology from Fiserv across its operations in Hong Kong and Macau.

28 April 2009

News/Credit risk

B&B outsources credit risk to Euristix

State-owned Bradford & Bingley (B&B) has outsourced its credit risk management to London-based consultancy Euristix as it winds down its mortgage business.

08 April 2009

News/Credit risk

Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

11 February 2009

News/Credit risk

S&P and Saudi banks to establish credit data consortium

Standard & Poor's has teamed with the Saudi Arabian credit information bureau (Simah) to develop a commercial and corporate credit information service for banks in the Kingdom.

29 January 2009

News/Credit risk

Algorithmics signs Banque Centrale Populaire to risk technology

Morocco's Banque Centrale Populaire (BCP) has selected technology from Toronto-based vendor Algorithmics as the basis for its enterprise-wide risk management platform.

21 January 2009

News/Credit risk

ICFR chief to set out new risk management agenda at Finexpo

Barbara Ridpath, chief executive of the newly-formed International Centre for Financial Regulation - a London think tank established by 19 leading financial institutions in co-operation with the UK Government and the City of London - is to participate in the opening panel at Finextra's forthcoming risk and transaction management event in February.

16 January 2009

News/Credit risk

Accenture wins Van Lanschot Bankiers outsourcing contract

Van Lanschot Bankiers has awarded Accenture a seven-year, multi-million dollar outsourcing contract to develop and maintain the Dutch bank's overall core banking applications, including credit services, asset and risk management.

13 January 2009

News/Credit risk

Finexpo to highlight new trends in risk and transaction management

The Finexpo - Risk & Transaction Management conference and exhibition has opened for registration. The event, on Thursday 5 February at The Brewery in London, will focus on the latest developments in risk management approaches, regulatory frameworks, data and transaction management solutions and clearing and settlement infrastructures.

28 November 2008

News/Credit risk

BIS outlines plans to strengthen Basel II

The Basel Committee on Banking Supervision at the Bank for International Settlements (BIS) has announced plans to address the fundamental weaknesses revealed by the financial market crisis related to the regulation, supervision and risk management of internationally-active banks.

21 November 2008

News/Credit risk

Barclaycard to hire 200 staff for new Long Island facility

UK credit card outfit Barclaycard is to hire 200 people over the next year to work at a new administrative office in New York.

19 November 2008

News/Credit risk

Rabobank recruits Financial Objects for credit risk management project

Dutch banking group Rabobank has recruited UK fintech vendor Financial Objects to develop a counterparty credit risk management system which will be deployed across its global capital markets division.

21 July 2008

News/Credit risk

Liffe eyes over-the-counter CDS market

London's Liffe is looking to break into the market for credit default swaps with the launch of a new set of contracts and integrated OTC clearing through its Bclear operation.

07 July 2008

News/Credit risk

Credit derivatives clearing facility to launch in Q3

The Clearing Corporation (CCorp) has inked an agreement with the Depository Trust and Clearing Corporation (DTCC) that will result in the launch of a central clearing facility for over-the-counter (OTC) credit derivatives in the third quarter.

29 May 2008

News/Credit risk

Moody's hit by report of computer coding error

Credit ratings outfit Moody's has launched an external review following reports that it awarded incorrect ratings to billions of dollars of complex debt products due to a computer coding error.

21 May 2008