Credit and credibility

Credit crisis? What credit crisis? “This cycle may appear more severe than the cycle of the early 1990s, but that is fundamentally because so many well-known names have fallen very hard and very publicly,” says Michael Ong, chief risk officer for the Americas at French bank Credit Agricole Indosuez.

The bigger issue, says Ong, is that risk managers failed to predict those record default rates, despite the preceding two-year slide in equity markets and the widespread use of credit risk models

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here