Basel 3.1 reforms will lead banks to apply high haircuts to unsustainably high property values and adjust mortgage risk weights to better differentiate between low-risk and high-risk loans. Speakers : Alexander Zeidler, VP-Sr Credit Officer at Moody's Ratings; Guillaume Lucien-Baugas, VP-Senior Analyst at Moody's Ratings Hosts : Aaron Johnson, VP-Senior Research Writer at Moody's Ratings; Danielle Reed, VP-Senior Research Writer at Moody's Ratings Related Research : Basel 3.1 will reduce risk of...
Apr 10, 2024•14 min•Ep. 109
As cyberattacks rise and AI poses new dangers, Moody’s analysts discuss banks’ own views of their cybersecurity defenses and explain the EU’s plan to rein in risks from third-party tech providers. Speakers: Lucas Viegas, VP-Senior Analyst, Moody’s Ratings; Brandon O’Halloran, AVP-Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research : Financial Institutions – Europe: Stringent new tech rules for banks and their IT providers will improve cyber...
Apr 03, 2024•18 min•Ep. 108
Our 2024 Banking System Outlooks show more European systems joining the US on negative as economies slow and loan performance weakens. China stays negative, while India is positive. Speakers : Warren Kornfeld, Senior Vice President, Moody’s Ratings; Effie Tsotsani, VP-Senior Analyst, Moody’s Ratings; Juwon Lee, VP-Senior Analyst, Moody’s Ratings Hosts : Carolyn Henson, VP – Senior Research Writer, Myles Neligan, VP- Senior Research Writer, Moody’s Ratings...
Mar 28, 2024•17 min•Ep. 107
Swedish lender Klarna’s AI assistant is driving material credit improvement this year. In the US, disclosures from Wells Fargo point to what’s ahead for banks’ commercial real estate loan performance. Speakers: Stephen Tu, VP-Senior Credit Officer, Moody’s Ratings; Allen Tischler, Senior Vice President, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings
Mar 20, 2024•10 min•Ep. 106
Over the next several years private credit in Europe will grow, largely because of companies’ substantial refinancing needs. But banks are already fighting to gain back market share. Speakers : Guillaume Lucien-Baugas, VP-Senior Analyst, Moody’s Ratings; Jeanine Arnold, Senior Vice President, Moody’s Ratings Host : Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Related Research : Private Credit – Europe: Europe's private credit market will accelerate, along with competitio...
Mar 13, 2024•13 min•Ep. 105
We discuss the severe thunderstorms' rising insured costs. Plus: Earnings weakness in the Medicare Advantage business and US commercial real estate exposure of German banks. Speakers: Bernhard Held, VP-Sr Credit Officer, Moody’s Investors Service; Dean Ungar, VP-Sr Credit Officer, Moody’s Investors Service; Evelyn Ocas Salazar, AVP-Analyst, Moody’s Investors Service; Juergen Grieser, Sr Dir Mgr-Analytics & Modeling, Moody’s RMS Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Inves...
Feb 28, 2024•18 min•Ep. 104
Steve Tu, Farooq Khan and Petr Paklin of Moody's, with Joe Lyons of Bitsight, on how AI will change banks; On Fast Finance, we discuss Evergrande's liquidation and upcoming FHLBank reforms. Speakers: David Yin, VP – Senior Credit Officer, Moody’s Investors Service; Allen Tischler, Senior Vice President, Moody’s Investors Service; Stephen Tu, VP – Senior Credit Officer, Moody’s Investors Service; Farooq Khan, VP – Senior Analyst, Moody’s Investors Service; Petr Paklin, AVP – Analyst, Moody’s Inve...
Feb 07, 2024•27 min•Ep. 103
Cristiano Ventricelli explains how recent improvements to digital finance systems could help them gain scale. Plus, we discuss BlackRock’s recent acquisition and the SEC’s approval of spot Bitcoin ETFs. Speakers: Abhi Srivastava, AVP – Analyst, Moody’s Investors Service; Neal Epstein, VP-Senior Credit Officer, Moody’s Investors Service; Cristiano Ventricelli, VP-Senior Analyst Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer...
Jan 24, 2024•23 min•Ep. 102
Our global outlook for the sector remains negative for 2024, but the picture for non-bank finance companies is more varied than a year ago, with easing conditions in some markets and businesses. Speakers: Bruno Baretta, AVP – Analyst, Moody’s Investors Service Host: Michael Porta, VP – Senior Research Writer, Moody’s Investors Service
Jan 17, 2024•16 min•Ep. 101
Weak results in personal lines drive the negative outlook for property and casualty insurance, while life insurance benefits from higher interest rates. Speakers: Bruce Ballentine, VP – Senior Credit Officer, Moody’s Investors Service; Christian Badorff, VP – Senior Credit Officer, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors Service...
Jan 10, 2024•16 min•Ep. 100
James Eck and Brandan Holmes explain how rising physical climate-related claims complicate insurers' risk management; Olivier Panis discusses benefits for banks of enhanced climate change reporting. Speakers: Olivier Panis, Senior Vice President, Moody’s Investors Service; James Eck, VP-Senior Credit Officer, Moody’s Investors Service; Brandan Holmes, VP-Senior Credit Officer, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, V...
Dec 14, 2023•29 min•Ep. 99
The boost banks have enjoyed for the last two years will start to fade as high rates translate into higher funding costs and lower growth. But the outlook for banks is not so gloomy everywhere. Speaker : Felipe Carvallo, VP-Senior Credit Officer, Moody’s Investors Service Host : Erin McDermott, AVP – Research Writer, Moody’s Investors Service
Dec 06, 2023•15 min•Ep. 98
Reduced economic growth could lower financial institutions’ profitability, but there are also opportunities to sell retirement products and new forms of insurance. Speakers : Qian Zhu, VP-Senior Credit Officer, Moody’s Investors Service; Kelvin Kwok, AVP-Analyst, Moody’s Investors Service Hosts : Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Related Research: Demographics – China: Aging population, smaller workforce will have broad implications across sectors Life Insuran...
Nov 15, 2023•10 min•Ep. 97
Moody’s analysts discuss how lenders are managing the risks created by the end of the low-interest-rate era, and explore the favorable funding and liquidity characteristics of universal banks. Speakers : Yasuko Nakamura, VP – Senior Credit Officer, Moody’s Investors Service; Edoardo Calandro, VP – Senior Credit Officer, Moody’s Investors Service Hosts : Carolyn Henson, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors Service Re...
Nov 01, 2023•16 min•Ep. 96
Private credit lenders built stores of capital that we expect will be put to work competing with banks to fund a new wave of leveraged buyouts. In the first segment of this episode, we discuss LBO competition and the risks it poses. Later, our guest lays out the concentration of private credit among a handful of giant asset managers building their own, largely self-contained lending ecosystems. Guests : Christina Padgett, Associate Managing Director and Sandra Veseli, Managing Director, both fro...
Oct 18, 2023•18 min•Ep. 95
Moody’s analysts C.J. Wong and Yulia Wan discuss ongoing real estate market weakness in China and Vietnam, and explain how the credit effects will differ in each country. Speakers : C.J. Wong, Analyst, Moody’s Investors Service; Yulia Wan, VP-Senior Analyst, Moody’s Investors Service Hosts : Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Additional Research : Banks – Asia-Pacific: Ongoing real estate sector stress raises credit risks for banks in China and Vietnam...
Oct 11, 2023•16 min•Ep. 94
Moody’s analysts Marat Faritov and Cristiano Ventricelli discuss how digital bonds could reshape debt markets, and the hurdles to be overcome before the technology can be more widely adopted. Speakers: Marat Faritov, AVP – Analyst, Moody’s Investors Service; Cristiano Ventricelli, AVP – Analyst, Moody’s Investors Service Host: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Related Research : Digital bonds' features could transform debt markets over time US Congress works t...
Sep 13, 2023•14 min•Ep. 93
Moody’s analysts Laline Carvalho-Neff and James Eck explain how reinsurers have boosted their profitability, even as natural catastrophes have grown more frequent and more severe. Speakers: Laline Carvalho-Neff, VP-Senior Analyst, Moody’s Investors Service; James Eck, VP-Senior Credit Officer, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Related Research: Reinsurance – Global: Stable outlook as higher pricing restores more favorable risk ...
Sep 06, 2023•10 min•Ep. 92
Moody’s analysts discuss how a rate rise would affect Japan’s banks, Swedish banks’ high exposure to indebted real estate firms, and the stability of Swiss domestic bank deposits. Speakers: Tetsuya Yamamoto, VP – Senior Credit Officer, Moody’s Investors Service; Louise Welin, VP – Senior Credit Officer, Moody’s Investors Service; Goetz Thurm, VP Senior Analyst, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Resea...
Aug 02, 2023•23 min•Ep. 91
Moody’s analysts discuss the economic and credit outlook for China, including the role of local government financing vehicles (LGFVs) and their debt burdens, and the latest on the property sector. Speakers : Lillian Li, VP-Senior Credit Officer, Moody’s Investors Service; Jessie Tung, VP-Senior Credit Officer, Moody’s Investors Service Host : Vittoria Zoli, Analyst – Emerging Markets, Moody’s Investors Service
Jul 27, 2023•20 min•Ep. 90
Steve Tu discusses FedNow, a new US digital payments system, and why it could exacerbate deposit flight risk for banks. Farooq Khan explains the risks of higher interest rates for UK mortgage lenders. Speakers: Stephen Tu, VP – Senior Credit Officer, Moody’s Investors Service; Farooq Khan, VP – Senior Analyst, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors Service Related Resear...
Jul 12, 2023•19 min•Ep. 89
Moody’s analysts David Burger, Mark Wasden and Neal Epstein explain how differences in structure and asset risk give rise to divergent credit profiles among the three investment vehicles. Speakers: David Burger, VP – Senior Credit Officer, Moody’s Investors Service; Mark Wasden, Senior Vice President, Moody's Investors Service; Neal Epstein, VP – Senior Credit Officer, Moody's Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Aaron Johnson, VP – Seni...
Jun 28, 2023•22 min•Ep. 88
Moody's Marc Pinto talks to Guggenheim Partners Investment Management’s Anne Walsh about big risks – and opportunities – for insurers, asset managers and institutional investors. Speakers: Marc Pinto, Managing Director, Moody’s Investors Service; Anne Walsh, Chief Investment Officer, Guggenheim Partners Investment Management Host: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Related Research: Life Insurance – US: Commercial real estate downturn could weaken portfolio ass...
Jun 14, 2023•30 min•Ep. 87
US life insurers have significant commercial real estate exposure, mitigated by a low share of holdings in office properties and high share of investments in senior investment-grade fixed income. Speakers: Evelyn Ocas Salazar, AVP-Analyst, Moody’s Investors Service; Manoj Jethani, VP-Senior Credit Officer, Moody’s Investors Service Host: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service Related Research: Life Insurance – US: Commercial real estate downturn could weaken portfo...
May 31, 2023•13 min•Ep. 86
Vladlen Kuznetsov explains why banks in emerging markets are exposed to environmental risks, and Laline Carvalho-Neff discusses global reinsurers' strong first-quarter results. Speakers: Vladlen Kuznetsov, AVP – Analyst, Moody’s Investors Service; Laline Carvalho-Neff, VP – Senior Analyst, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors Service Related Research: Governance and ex...
May 25, 2023•14 min•Ep. 85
In this episode, we discuss China’s stabilizing property sales and improving funding conditions.Then at 9:00, we look at Chinese insurers’ and banks’ exposure to the country’s property sector. Guests : Kelly Chen from the Corporate Finance Group of Moody’s Investors Service, and Qian Zhu and Yulia Wan from the Financial Institutions Group. Host and Segment Leads : Tania Hall, Livia Yap and Danielle Reed from the Research team at Moody’s Investors Service. To read more on this topic, visit the Be...
May 17, 2023•16 min•Ep. 84
Jerome Cheng and Tengfu Li discuss how China’s economic rebound will support residential mortgage-backed securities and a handful of Asia-Pacific banking systems with close ties to the country. Speakers: Tengfu Li, AVP – Analyst, Moody’s Investors Service; Jerome Cheng, Associate Managing Director, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Aaron Johnson, VP – Senior Research Writer, Moody’s Investors Service Related content on Moodys....
May 10, 2023•11 min•Ep. 83
Jill Cetina explains the main risks we are watching for US banks following recent rating actions. Plus, a cross-regional look at how central bank digital currencies could transform payments. Speakers: Melina Skouridou, VP – Senior Analyst, Moody’s Investors Service; Lucas Viegas, VP – Senior Analyst, Moody’s Investors Service; Vincent Gusdorf, SVP, Moody’s Investors Service; Jill Cetina, Associate Managing Director, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moo...
May 03, 2023•27 min•Ep. 82
Moody's analysts discuss high-profile departures from the Net Zero Insurance Alliance, plus increasing GCC bank mergers, and why Japan's largest banks can resist US banking sector stress. Speakers: Tetsuya Yamamoto, VP – Senior Credit Officer, Moody’s Investors Service; Francesca Paolino, Analyst, Moody’s Investors Service; Brandan Holmes, VP – Senior Credit Officer, Moody’s Investors Service; James Eck, VP – Senior Credit Officer, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Rese...
Apr 19, 2023•29 min•Ep. 81
Moody’s analysts discuss accelerating electric vehicle sales’ effects on US auto insurers and auto finance captives, and implications for state fuel taxes. Speakers: Matthias Heck, VP – Senior Credit Officer, Moody’s Investors Service; Inna Bodeck, VP – Senior Analyst, Moody’s Investors Service; Jasper Cooper – VP – Senior Credit Officer, Moody’s Investors Service; Ted Hampton, VP – Senior Credit Officer, Moody’s Investors Service Hosts: Nicholas Samuels, Senior Vice President, Moody’s Investors...
Apr 12, 2023•23 min•Ep. 80
