Credible Sovereign Ratings: Beyond Statistics and Regulations

This blog article summarizes a recent article published in the European Business Law Review. Reference: Norbert J. Gaillard, “Credible Sovereign Ratings: Beyond Statistics and Regulations”, European Business Law Review, 28(1), Continue ReadingCredible Sovereign Ratings: Beyond Statistics and Regulations

Coping with Reliance on Credit Ratings

Coping with Reliance on Credit Ratings   This blog article summarizes a recent article published in Banking and Financial Services Policy Report. Reference: Norbert J. Gaillard, “Coping with Reliance on Continue ReadingCoping with Reliance on Credit Ratings

How Moody’s has drawn the lessons from the Eurozone debt crisis

Credit rating agencies have historically failed to anticipate the public debt crises in rich countries. This Wikirating blog article describes how Moody’s sovereign rating methodology has been modified in the Continue ReadingHow Moody’s has drawn the lessons from the Eurozone debt crisis

Understanding CoCo Bonds: A New Source of Systemic Risk

CoCo Bonds

Since the 2008 financial crisis, regulators, policymakers and the “too big to fail” (TBTF) banks around the world have been developing new ways to resolve insolvent TBTF banks without the Continue ReadingUnderstanding CoCo Bonds: A New Source of Systemic Risk