The Prudential Regulation Authority's Supervisory Statement SS1/23 on Model Risk Management came into force in May 2024. Most UK banks have responded in the way banks always respond to new supervisory ...

Rationale: ~50% fewer supervisory data points and integration of stress-test/benchmarking into regular reporting cuts fixed compliance/IT costs and improves proportionality, which should re-rate bank ...

In financial services, regulatory expectations also intensify these risks. The Bank for International Settlements and the ...

The ECB will simplify and speed up approvals for changes to banks’ internal credit risk models, making supervisory processes faster and easier.

Goldman Sachs CEO David Solomon called out private credit risk in his annual shareholder letter. Blue Owl, a private credit company, is down 39% this year. The risk of contagion is exacerbated by ...

A multicenter study in Spain developed a new predictive model for surgical risk in patients with cirrhosis that may improve the prediction of postoperative mortality. The surgical risk prediction ...

A new study suggests that lenders may get their strongest overall read on credit default risk by combining several machine learning models rather than relying on a single algorithm. The researchers ...

Credit risk gauges jumped and companies delayed bond sales in the US and Europe as investors grew more concerned that soaring oil prices and a prolonged war in the Middle East will make it harder for ...

BDCs fell 23% recently. The sector faces $12.7B in 2026 debt maturities, up 73% from 2025. BlackRock TCP Capital’s NAV plummeted 50% in one year with non-accrual loans reaching 4% of portfolio. Golub ...

LONDON, Feb 17 (Reuters) - Banks are increasingly turning to bespoke deals with private investment funds to shed credit risk, but the market needs close monitoring as it spawns new vulnerabilities for ...

PARSIPPANY, N.J.--(BUSINESS WIRE)--60 percent of credit risk and fraud executives surveyed worldwide say AI and Decision Intelligence are their top planned investments for the year ahead. This is ...