The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

S&P Capital IQ Signs UBRD to CreditPro

S&P Capital IQ Risk Solutions today announced a deal to provide CreditPro to Russian bank, Ural Bank for Reconstruction and Development (UBRD). The agreement allows UBRD to access S&P ratings, rating migrations, defaults and recovery database on more than 15,000 issuers, 130,000 securities, 150,000 structured finance tranches, and 140 sovereigns.

CreditPro enables credit professionals to monitor and analyse S&P credit ratings, as well as statistics on default and recovery. This helps institutions to assess probabilities of default and loss given default. Analysts can also explore credit rating migration and recovery trends, generate custom scenario analyses, and benchmark internal performance to industry-wide results.

“UBRD and our other clients use S&P’s historical default data to assist in benchmarking internal performance against industry wide results, and assigning default probabilities to internal grading systems. This satisfies Basel II requirements requiring banks and other credit sensitive institutions to map their internal grades to a scale used by an external credit assessment institution,” says Katarina Antens-Miller, Senior Director at S&P Capital IQ Risk Solutions.

Roslyakova Marina, Head of Risk Management at UBRD, says, “With years of experience, S&P Capital IQ Risk Solutions has developed models and solutions that enable organizations to build better quality approaches to managing economic capital and balancing resources, which offers many competitive advantages. CreditPro provides a precise definition of the threshold margin and cumulative default rate in ratings by industry. Ultimately, the platform will allow us to improve quality control in our portfolios and create a better internal rating system.”

Related content

WEBINAR

Recorded Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence...

BLOG

Confluence Acquires Fundpeak to Address Funds’ KIID, PRIIPS Requirements

Pittsburgh-based risk and regulatory solution specialist Confluence Technologies has agreed to acquire Fundpeak, a provider of tools for helping buy-side firms manage their marketing and communications based in Czech Republic. The acquisition aims to strengthen Confluence’s offerings in the segment by leveraging Fundpeak’s expertise in providing secure fund portals and marketing tools such as fund...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...