Small and medium-sized enterprises’ time to default: an analysis using an improved mixture cure model with time-varying covariates
The authors put forward a method using a support vector machine to enhance the exploration of nonlinear covariate effects if SMEs never default while also considering time-varying and fixed covariates for the incidence and latency of an event.
Risk Awards 2022: Italy’s largest lender is one of the EU’s strongest thanks to smart securitisations
Reclassification of small business clients carves out C$26 billion of credit risk
Small and medium-sized enterprises that borrow from "alternative" lenders in the United Kingdom: who are they?
This study provides a general overview of the external financing landscape for the UK SMEs and an exploratory analysis of the SME portfolio of one of the alternative lenders in the United Kingdom.
What drives the January seasonality in the illiquidity premium? Evidence from international stock markets
This study is, to the best of the authors’ knowledge, the first attempt to comprehensively examine and explain the January effect in the illiquidity premium.
Lenders could suffer if government support for small business starts to wane
Danske Bank, Crédit Agricole, Group BPCE lead the field
Delay to state guarantee benefits took 32bp off of CET1 ratio
Though credit outlook has darkened, banks expect to increase lending overall
As structural woes resolve, regulators remain split on preferential capital treatment for STS deals
Andy Redleaf founded a $6 billion hedge fund. Now he runs a small community bank
This paper estimates the currency exposure before and after the hedging of active foreign currency (FC) accounts, using stochastic models for spot exchange rates and cashflow movements.
Risk Awards 2020: Big deals and big ideas have helped transform stress-test laggard to leader
Regulator weighs high-quality label for synthetic deals, but without favourable capital treatment
Tweaks to op risk framework might reduce capital shortfall by €12.3 billion
Changes to credit risk framework could block alternative path for EU banks to finance SMEs
Corporate loans to smaller enterprises attract high risk weightings
FSB’s Knot urges conformity with global standards
Respondents blame low industry preparedness on lack of standardisation in treatment of fallbacks
EU approach to new credit risk framework must recognise local market structures, say banking experts
Second deal with European Investment Bank frees up balance sheet for lending
Based on risk-value models this paper introduces a multi-period approach to the valuation of streams of risky cash flows.
Without MREL or TLAC, governments are at mercy of private buyers for failed banks
Self-taught technology could push humans aside from some – or all – of the underwriting process