Analysts Olivier Panis, Bernhard Held and Antonello Aquino from the Financial Institutions team discuss the implications of a prolonged military conflict in Ukraine for banks and insurance companies, while Insurance analyst Laura Bazer focuses on the effects of long COVID claims on life insurers globally. Related content on Moodys.com (some content only available to registered users or subscribers): Life Insurance — Global: Long COVID early assessment: despite likely rise in claims, credit effec...
Apr 27, 2022•18 min•Ep. 49
Banking analysts Louise Welin, Rita Sahu, Eugene Tarzimanov and Felipe Carvallo explain how global macroeconomic and geopolitical forces have shaped the outlooks for 32 of the world’s biggest banking systems, as the military conflict in Ukraine slows the global economy’s recovery from the coronavirus pandemic. Related content on Moodys.com (some content only available to registered users or subscribers): Research Announcement: Moody's maintains stable outlooks on most LATAM banking systems Resea...
Apr 20, 2022•11 min•Ep. 48
Felipe Carvallo of the Banking team explains how pension reform plans of Chile’s new young president could shake up banking and asset management. Plus, Banking team analyst Fadi Massih talks about how cryptocurrency is traceable, and what upcoming regulation means for cryptocurrency exchanges and other digital asset platforms. Related content on Moodys.com (some content only available to registered users or subscribers): Financial Institutions – Global: Digital asset regulation comes into focus,...
Apr 06, 2022•22 min•Ep. 47
Insurance team analyst Helena Kingsley-Tomkins discusses Tesla’s move into high-tech auto insurance and how it will affect the competitive landscape. Plus, Mark Wasden of the Banking team and Gideon Lubin of the Structured Finance team explain how sanctions on Russian businesses and assets will affect aircraft leasing companies and ABS backed by aircraft and related leases. Related content on Moodys.com (some content only available to registered users or subscribers): Aircraft Lessors and Aircra...
Mar 23, 2022•23 min•Ep. 46
Yaroslav Sovgyra, Melina Skouridou and Olivier Panis of the Banking team explain how the ongoing military conflict in Ukraine has affected the credit strength of global, Western European, Russian and Ukrainian banks. Related content on Moodys.com (some content only available to registered users or subscribers): The fallout from Russia’s war in Ukraine will be felt by banks globally A few European banks face rising risk from exposure to Russia, Ukraine Rating Action: Moody's downgrades the...
Mar 16, 2022•17 min•Ep. 45
Insurance analysts Jasper Cooper and Christian Badorff discuss both direct and secondary risks global insurers are facing as the military conflict in Ukraine continues. Related content on Moodys.com (some content only available to registered users or subscribers): Insurance – Global: Russian invasion of Ukraine will drive investment volatility, more claims inflation Global – Cyber Risk: Russia-Ukraine tensions increase cyber risks across regions, asset classes...
Mar 09, 2022•9 min•Ep. 44
Analysts Megan Fox, Rokhaya Cisse and Mike Dion discuss cyber threats past and present, and steps regulators are taking to make sure financial institutions are prepared. Plus, Petr Paklin of the Banking team talks about the prospects for fast-growing all-digital banks, from market share to profits. Related content on Moodys.com (some content only available to registered users or subscribers): Funds & Asset Management – North America: SEC's proposed cybersecurity rules would strengthen invest...
Feb 23, 2022•17 min•Ep. 43
Moody’s banking analysts Constantinos Kypreos and Mik Kabeya join host Carolyn Henson to discuss prospects for banks in Africa’s five largest banking sectors after two difficult years. Related content on Moodys.com (some content only available to registered users or subscribers): Banking System Outlook – Nigeria: Economic rebound and recovering profitability shift the outlook to stable Banking System Outlook – South Africa: Negative outlook driven by challenging operating and macro conditions Ba...
Feb 16, 2022•13 min•Ep. 42
Lev Dorf of the Banking team looks at why high use of dollars in many emerging markets poses rising risks for the country’s banks and where those risks are highest. Plus, Stephen Tu of the Financial Institutions group analyzes the Federal Reserve’s recent report and request for comment on the potential benefits of a US central bank digital currency. Related content on Moodys.com (some content only available to registered users or subscribers): Financial Institutions – North America: Fed’s US CBD...
Feb 09, 2022•16 min•Ep. 41
Helena Kingsley-Tomkins and Paulette Truman of the Insurance team discuss how tech is transforming the insurance business, from connected devices that help prevent injuries and accidents to auto manufacturers entering insurance distribution. Plus, Sonny Hsu of the Banking team discusses the results of the Hong Kong Monetary Authority’s first climate stress test of banks, and Jasper Cooper of the Insurance team talks about the scope of insured losses from the recent Marshall wildfire in Colorado....
Jan 26, 2022•21 min•Ep. 40
Frank Yuen and Laura Bazer explain why the outlook for life insurers worldwide is less bleak than it was a year ago. Plus, Bruce Ballentine and Benjamin Serra discuss the strengths that help insulate global property and casualty (P&C) insurers from higher claims as economies reopen. Related content on Moodys.com (some content only available to registered users or subscribers): P&C Insurance – Global – 2022 Outlook Life Insurance – Global – 2022 Outlook Life & Health Insurance – US – ...
Jan 12, 2022•19 min•Ep. 39
Banking analysts Michael Rohr and Donald Robertson explain how our outlook has improved for banks worldwide. Plus, Banking team analyst Svetlana Pavlova discusses how demographic trends in emerging markets are driving a divergence in banks’ growth and profitability prospects. Related content on Moodys.com (some content only available to registered users or subscribers): Banks – Global: 2022 outlook stable, reflecting sound capital and liquidity, with low credit losses (Slides) Banks – Emerging m...
Dec 15, 2021•19 min•Ep. 38
Dominic Simpson and Neal Epstein of the Asset Management team discuss prospects for global asset managers in 2022, as the global economic recovery and demand for alternative and ESG investments drive industry growth. Meanwhile, Ceres Lisboa, Ashraf Madani and Eugene Tarzimanov of the Banking team explore how emerging markets banks will benefit from G20 economies’ recovery, strong global demand for commodities and a rise in interest rates. Related content on Moodys.com (some content only availabl...
Dec 01, 2021•18 min•Ep. 37
Insurance analysts Dominic Simpson and Manoj Jethani discuss global insurers’ increasing investments in illiquid assets and why that’s mostly positive despite the risks. Plus, Fadi Massih of the Banking team talks about strengths and vulnerabilities in global banks’ management of cybersecurity risks. Related content on Moodys.com (some content only available to registered users or subscribers): Cyber Risk - Global Banks of all sizes and credit strengths are increasing cybersecurity investment Li...
Nov 17, 2021•15 min•Ep. 36
Mark Wasden of the Banking team and Chris Padgett of the Corporate Finance team explain how as US private credit grows, there is greater risk of widespread market disruption should the economy falter. Plus, Insurance team analyst Shachar Gonen explains why long-term care insurers are getting a brief reprieve, and Fadi Massih of the Banking team talks about the new Bitcoin ETF and why it is credit negative for Coinbase. Guests: Shachar Gonen, Vice President, Senior Credit Officer – Financial Inst...
Nov 03, 2021•17 min•Ep. 35
Cybercrime has driven up demand for cyber insurance. But losses are on the rise, too, and some cyber events are uninsurable. How are insurers responding to higher losses, and what can be done about the kinds of risks that are too big for private insurers to cover? Plus, sales of alternative fuel vehicles worldwide are accelerating. What does it mean for the credit quality of auto finance captives, the companies that finance loans and leases on behalf of automakers? Guests: Michael Dion, Vice Pre...
Oct 20, 2021•18 min•Ep. 34
Ahead of the COP 26 conference in Glasgow, analysts Lev Dorf, Brandan Holmes and Vanessa Robert explain why banks, insurance companies and asset managers are under pressure to reduce exposure to carbon-intensive industries. Indeed Moody's has estimated that G20 financial institutions are exposed to carbon transition risk to the tune of a staggering $22 trillion. However, financial institutions will need to play a vital role in financing the shift to net zero, and in this episode our team discuss...
Oct 13, 2021•17 min•Ep. 33
Peter Nerby, Olivier Panis and Shunsaku Sato explain how global systemically important banks are faring as the pandemic starts to recede. Dean Ungar discusses the implications for US health insurers should the Medicare hospital insurance trust fund run out of money. And David Yin tells us how a recent cryptocurrency ban in China is positive for financial institutions. Inside this episode: Dean Ungar discusses the implications for US health insurers should the Medicare hospital insurance trust fu...
Oct 06, 2021•20 min•Ep. 32
Stephen Tu, Melina Skouridou and Farooq Khan explain how four forces reshaping finance will likely reduce banks’ revenue from core activities and undermine their role as financial intermediaries. Plus, Alka Anbarasu explains why India’s banks will weather the stress from a COVID-19 resurgence, and Jasper Cooper gives an update on insured hurricane losses in the US. Inside this episode: Alka Anbarasu explains why India’s banks will weather the stress from a COVID-19 resurgence. (begins at 1:55 mi...
Sep 22, 2021•20 min•Ep. 31
Analyst Fadi Massih discusses the credit strengths and weaknesses of the crypto asset exchange. Related content: Coinbase Global, Inc. Strong finances and market position offset by uncertain regulatory environment and fierce competitive conditions - Coinbase displays investment grade characteristics and financials that are offset by a challenging operating environment marked by uncertain regulatory framework and fierce competition....
Sep 15, 2021•9 min•Ep. 30
The insurance group’s Helena Kingsley-Tomkins explains what’s driving the global reinsurance outlook shift to stable from negative. Plus, Young Kim tells us how evolving technology and rising fintech competition are transforming Korea’s insurance business. Inside this episode: Young Kim tells us how evolving technology and rising fintech competition are transforming Korea’s insurance business. (begins at 1:45 mins) Helena Kingsley-Tomkins explains what’s driving the global reinsurance outlook sh...
Sep 08, 2021•19 min•Ep. 29
As infections rise and overall vaccination rates remain low in Southeast Asian nations and India, loan performance will weaken as economic recoveries stall, although the effects will vary by country. However, government support and strong loss-absorbing buffers will support banks’ credit strength. Related content: Property & Casualty – United States of America Losses from Dixie wildfire will hit California property and casualty insurers - Total insured losses from California wildfires are li...
Aug 25, 2021•19 min•Ep. 28
Inside this episode: Tae Jong Ok looks at Kakao Bank’s rapid rise from its social media origins to one of Korea’s biggest retail lenders. Plus, Christian Badorff and Melina Skouridou talk about the insurance impact of recent heavy floods in Germany, and the European Central Bank’s plan to pilot a digital euro. Related content: Banks – Europe: Despite financial inclusion benefits, digital euro poses disintermediation risks to banks, a credit negative A digital euro would support innovation and fi...
Aug 11, 2021•20 min•Ep. 27
Dean Ungar diagnoses the causes of US health insurers’ evolution over the past decade, and discusses the benefits and risks for the sector’s credit strength. Plus, Guy Combot and Atsi Sheth talk about recent changes in Italian bank governance and the broader credit implications of increased gender diversity. Inside this episode: Guy Combot and Atsi Sheth talk about recent changes in Italian bank governance and the broader credit implications of increased gender diversity. (begins at 2:12 mins) D...
Jul 28, 2021•19 min•Ep. 26
Inside this episode: Rajeev Bamra and Steve Tu speak with Carolyn Henson about why stablecoin growth has put traditional financial institutions and bank regulators on the defensive. Meanwhile, David Fanger explains why large US banks will be able to distribute more to shareholders this year, and Marina Cremonese discusses money market funds’ readiness for the transition away from LIBOR. Related content: Banks – United States: Lower stress capital buffers allow many banks to increase capital dist...
Jul 14, 2021•15 min•Ep. 25
Madhavi Bokil, Alexios Philippides and Laura Bazer explain how banks’ profit margins and US life insurers’ portfolio yields will benefit from rising inflation and a steeper yield curve in several advanced economies. Plus, Joe Pucella discusses the outlook for US commercial real estate lenders and Neal Epstein talks about Federal Reserve actions that helped money market funds stave off the risk of negative yields. Inside this episode: Joe Pucella discusses the outlook for US commercial real estat...
Jun 30, 2021•18 min•Ep. 24
Manoj Jethani, Laura Bazer and Rory Callagy discuss the reasons for returning the outlooks for global and US life insurance and global asset management to stable from negative. Plus, James Eck updates us on Puerto Rico’s debt settlements. Inside this episode: James Eck updates us on Puerto Rico’s debt settlements. (begins at 1:53 mins) Manoj Jethani, Laura Bazer and Rory Callagy discuss the reasons for returning the outlooks for global and US life insurance and global asset management to stable ...
Jun 16, 2021•16 min•Ep. 23
Alberto Postigo and Alka Anbarasu discuss the threat of climate change to banks’ asset quality. Plus, Megan Fox and Steve Tu talk about the effects on banks and asset managers of the Biden administration’s new executive order on climate-related financial risk, and Sid Ghosh tells us whether businesses around the world can get insurance coverage for disrupted operations during the pandemic. Inside this episode: Megan Fox and Steve Tu talk about the effects on banks and asset managers of the Biden...
Jun 02, 2021•18 min•Ep. 22
Vanessa Robert and Marina Cremonese of the Funds and Asset Management team discuss new money market fund regulations proposed in the US and EU after a material flight to quality shook short-term credit markets last year. Plus, Svetlana Pavolva of the Banking team explains the significant social risks facing banks in Commonwealth of Independent States countries. Inside this episode: Svetlana Pavolva of the Banking team explains the significant social risks facing banks in Commonwealth of Independ...
May 19, 2021•20 min•Ep. 21
Gersan Zurita of the Credit Strategy and Research team and Semyon Isakov of the Banking team discuss rising inflation in some key emerging markets. Plus, Felipe Carvallo and Mik Kabeya of the Banking team talk about slipping government support for banks in economies that are heavily dependent on oil. Inside this episode: Felipe Carvallo and Mik Kabeya of the Banking team talk about slipping government support for banks in economies that are heavily dependent on oil. (begins at 2:04) Gersan Zurit...
May 05, 2021•16 min•Ep. 20
