Market graphic - A tough 12 months for credit

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To say that the past 12 months have been hard for credit would be a slight understatement. The weakness started just over a year ago on initial worries of the possibility of more than a 25 basis point hike in US interest rates, as well as jitters surrounding the market's response to the growing likelihood of Ford and General Motors being downgraded to junk.

However, the impact was really felt following the leveraged buyout of Danish cleaning services firm ISS - the first aggressive buyout of a

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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