SEC Shines a Light on Inflated CMBS Ratings

On January 21, S&P settled a number of complaints with the Securities and Exchange Commission as well as two states’ attorneys general.  The issues primarily involved ratings of Commercial Mortgage Continue ReadingSEC Shines a Light on Inflated CMBS Ratings

When Sovereigns Go Bankrupt

This article summarizes the book “When Sovereigns Go Bankrupt” (Gaillard 2014), which provides a fresh analysis of how to cope with sovereign risk in the context of a rising likelihood Continue ReadingWhen Sovereigns Go Bankrupt

Why an European Agency cannot be founded

Last week Roland Berger announced that he did not received the needed funds to found an European rating agency (see http://www.bloomberg.com/news/2012-04-15/roland-berger-is-short-on-ratings-agency-startup-cash-ftd-says.html). Did you wondered why? Why are the investors not Continue ReadingWhy an European Agency cannot be founded