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A new Moody’s Capital Tool (MCT) has been introduced to inform a risk-based analysis of the capital adequacy of property and casualty (P&C) and life insurers. Although no ratings will be changed, the tool is expected ...

P&C and Life Insurers: Moody’s Capital Tool

Regulation & ratings

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All sides of the market have to grapple with how the introduction of IFRS 17 will affect insurance companies’ business performance and credit dynamics ahead of its introduction in 2023. Here, Crédit Agricole CIB’s DCM ...

IFRS 17: Anticipating the ‘disruptive’ new standard

Regulation & ratings

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Fitch’s ratings of Tier 2 debt could be cut by one notch under proposed new rating criteria released in a report on 15 November, although AT1 instruments could be lifted one notch. ...

Tier 2 under threat from Fitch draft, AT1 set for boost

Regulation & ratings

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Regulatory updates from CACIB DCM solutions

Regulation & ratings

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Proposals for the next iteration of CRR/CRD and BRRD have been unveiled just as negotiations over Basel III revisions reach a critical stage and an unknown new administration arrives in the US. The EU moves augur well for ...

Take two

Regulation & ratings

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The European Banking Authority (EBA) offered relief to the Additional Tier 1 (AT1) market on 1 July when it announced that stress test-related Pillar 2 requirements need not be included in MDA calculations, thereby easing ...

Effective EBA Pillar 2 split offers AT1 relief

Regulation & ratings

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Although Solvency II is not triggering changes to Fitch’s ratings of insurers, it is a credit positive for the European industry, according to Harish Gohil, managing director, EMEA insurance, Fitch Ratings, who discusses ...

Tier 1 awaited after Solvency II arrival

Regulation & ratings

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A key contributing factor to the Additional Tier 1 market’s turbulent start to 2016 was a European Banking Authority (EBA) Opinion that would potentially tighten the rules on an issuer’s ability to pay AT1 coupons, ...

Commission review raises hopes after EBA bombshell

Regulation & ratings

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A proper understanding of the post-crisis supervisory process is an essential angle for assessing banks’ credit risk, argues Sam Theodore, group managing director, financial institutions, at Scope Ratings — even if the ...

The Road from Supervision to Resolution

Regulation & ratings