Artec technologies AG (ISIN DE0005209589) is once again awarded an eligibility status for central banks by the Deutsche Bundesbank as part of the current creditworthiness analysis. “The credit rating is comparable to an investment grade […]
Inflation Augur Sees Evidence
In May 2021, the US Consumer Price Index rose 5% year-on-year (after 4.2% in April 2021). “Projected over the year,” says Dr. Thorsten Polleit, Chief Economist of Degussa Goldhandel GmbH in Frankfurt am Main, “the […]
Influence of the Losses of the German EY
Are the French afraid of assuming losses from the German EY? After more than two decades at KPMG and half a decade at EY, Yannick de Kerhor left EY to set up a new company, […]
Court Ruling Makes Rating Difficult To Assess
Tesco and other UK grocers are affected. On June 3, 2021, the Court of Justice of the European Union (ECJ) ruled that the provisions in EU law relating to comparability between two different roles based […]
Credit Rating Effects of the Global Minimum Tax
G7 Finance Ministers’ communiqué will most likely not bring any credit rating improvements for multinational corporations. “We strongly support the efforts underway through the G20/OECD Inclusive Framework”, says the Finance Ministers and Central Bank Governors […]
Drawing Investors From More Than 100 Countries
MIntos introduced a new lending companies evaluation model, Mintos Risk Score. At the onset of the COVID-19 pandemic, many existing investors at Mintos, one of Europe’s leading alternative investment platform for investing in loans, decided to […]
Management Board of the Auditing Association of German Banks Changing
Former colleague of the later Greensill Bank Supervisory board member has left. The Federal Association of German Banks (BdB) is drawing initial conclusions from the Greensill Bank‘s 3 billion euro compensation case. As the organization […]
Investment Grade Møller Mobility
Møller Mobility thrives in symbiosis with Volkswagen. Nordic Credit Rating (NCR) assigned a ‘BBB-‘ (that reads triple B minus) long-term issuer rating to Norway-based car importer and retailer Møller Mobility Group AS (Møller Mobility). The […]
After S&P Global, Also Moody’s on Fortune 500
The two leading rating agencies in the world are among the 500 largest companies in the USA. Anyone who thinks the rating agencies industry is a marginal issue should study the Fortune 500 list. Moody’s […]
Automation Of The Guarantee And Deposit Processes
E-Cautio, a Luxembourg-based InsurTech company and provider of Platform-as-a-Service (PaaS) solutions, announced its new partnership with SCHUMANN. In the future, E-Cautio will use the CAM Surety software from SCHUMANN, the technology provider in the areas […]
Does The Embellished Rating Cost Jobs On Bank Boards?
The rating of a local rating agency does not exempt you from the responsibility to form your own judgment.
First, ODDO BHF Takes The Chair, Then The Scope Award
Conflicts of interest have arisen again at a local rating agency in Berlin.
After Greensill, Scope Ratings Also Fails at UniCredit
A skipped coupon payment is not at all typical for a bank rated “A”.
Some City Councilors Reproach the Use of Scope Ratings Instead of S&P’s and Moody’s
In the city parliament of Giessen, the processing of the affair about the threatened loss of financial investments at the Greensill Bank has begun.
More Evidence on EY
Ernst & Young has been the focus of criticism in the Wirecard scandal since October 2020.
“EY puts Commerzbank in a mess”
Conflicts of interest wherever you look.
The Role of Ratings in Greenwashing
Austria’s Financial Market Authority (FMA) warns consumers against “greenwashing” in the new edition of their consumer information series “Let’s talk about money”. “Greenwashing” means that a financial product is advertised as environmentally friendly, green or […]
The Losers of the Globalization Years
Five Worst-Performing Countries This blog article is based on “Country Risk – The Bane of Foreign Investors” (Springer, 2020) by Norbert Gaillard. I focus here on the countries whose reputation declined significantly during the globalization […]
Goodwill Message to the Stakeholder Workshop on Operational Sustainability & Circular Economy
A Workshop Presented by the Institute of Directors Nigeria and AfriKairos
Two Are On The Supervisory Board Of Greensill Bank. Then Why Scope Ratings And Not GBB-Rating?
A Complicated Choice Between Conflicts of Interest. The rating of an independent credit rating agency is a valuable source of information also for the supervisory board of a company, especially for the supervisory board of […]
Scope’s Greensill Bank Rating Tragedy
The Federal Financial Supervisory Authority (BaFin) filed criminal charges Against The Bank’s Board Members. The Federal Financial Supervisory Authority (BaFin) in Germany received monthly reports from Greensill Bank AG (Greensill Bank) about the bank’s balance […]
Lex Greensill’s Connecting Private Planes
Both born in the 1970s, a banker and an credit rating entrepreneur have a shared expensive passion.
IOD NIGERIA – AFRIKAIROS WORKSHOP
STAKEHOLDERS’ WORKSHOP ON OPERATIONALIZING SUSTAINABILITY & CIRCULAR ECONOMY: MEASURING, MONITORING, REPORTING, IMPACT INVESTING, ESG RATINGS. A sustainability report provides information on an organization’s health, including economic, environmental, and social performance against set guidelines or an […]
The Key to E-Mobility Lies at the DEFAMA Locations
In DEFAMA’s way, customers can quickly and conveniently charge their vehicle while shopping. Together with DEFAMA Deutsche Fachmarkt AG, the energy company EnBW is further expanding the fast charging infrastructure in Germany. The partners aim […]
Statistical Significance of the A- Issuer Rating for Greensill Bank
Instead of a low default risk, other reasons may have been decisive for the issuance of the extraordinarily good issuer rating. Usually the question of whether a credit rating is right or wrong cannot simply […]
Man Missing At Scope
Inconspicuous elimination of a Scope Advisory Board Member.
Clever Commission From the City of Münster in Westphalia
An automated safety net for municipal investments has not existed since 2017. If municipalities do not want to set up extensive bond research departments themselves, in which financial analysts examine thousands of qualitative data and […]
Relatives Are Relative
The scandal with the Greensill Bank brings back earlier scandals by the same rating agency to mind. How close can relationships be without being a problem for the rating and for the rating agency? What […]
Scope Ratings Game of Corporate Law
The “Scope Group” is a bunch of constant changes under company law. As a result of the Scope Ratings GmbH billion Euro scandal about Greensill Bank in Bermen, which was rated as “investment grade” for […]
Rating Technology
Rating technology is the collection of techniques, skills, methods, and processes used in the production of rating services or in the accomplishment of rating objectives. Rating technology comprises the knowledge of techniques, processes, and the […]
The Dynamics of Free Trade and FDI during the Globalization Era
Multilateralism waned, but the process of trade liberalization continued. This blog article is a short excerpt from Country Risk – The Bane of Foreign Investors (Springer, 2020) by Norbert Gaillard. International trade went through unexpected […]
Witnesses And Whistle Blowers
Whistleblowers and witnesses could be identified in the following positions:
Comparing Art on One Platform
In response to the Corona restrictions for museums, art associations and galleries, bpar has established a central platform for specially digital art events with bpar.DIGITAL. It is a project of Beisel Public Art Relations, an […]
RAG-Stiftung Must Have Known
Scope Group is not at all related to the transformation of the regions along the Ruhr and Saar Rivers and in Ibbenbüren.
Why Scope Ratings Never Cares For Profits
The multi-layered shareholder structure allows for an ingenious business model.
Once Advantages for Scope Shareholders, Now Disadvantages for German Banks
In Germany, the Greensill Bank is likely to be one of the most expensive cases ever.
Failure for Euler Hermes Rating – But Happy Ending
Takeover without losing face.
Some Point to ESMA’s Mandate
ESMA sometimes turns a blind eye: ignored calls for help.
TELOS ESG Fund Check Professional Launched
An engine room of ESG fund management is in the making. EccoWorks GmbH, known in Germany for their sustainability consulting, and the long-standing specialist for fund ratings in the institutional sector, TELOS GmbH, have bundled […]
Scope Ratings’ Ancillary Services for Greensill Bank
Scope Ratings’ hint to possible additional payments by Greensill Bank to the Berlin rating agency leaves questions unanswered.
Do Not Confuse Moody’s With Scope Ratings
A bond fund rating is not a bank issuer rating.
Unique Multi-layered Ownership Structure at Scope Ratings
In a week, the search queries for the Scope scandal have increased significantly.
Scope of a New Ponzi Scheme
Beware of the deceptive spiral of success of a new Ponzi scheme.
Scope Group Not Within the Scope of ESMA
The scandal surrounding Greensill Bank and the credit rating of Scope Ratings GmbH for this bank raises the question of how the situation at the Scope Group got out of control.
Taxpayers Ultimately Become Victims of Scope Ratings
The Berlin rating agency Scope has top politicians on board who are already drawing high pensions. These politicians now indirectly cost the taxpayer even more.
Requirements Relating to Press Releases or Reports
The text of publications must meet strict requirements. The European Securities and Markets Authority considers that a credit rating or rating outlook should be accompanied by a press release or report. The press release or […]
Monarchs or The Pope Are Not a Role Model for China
Many western states do not give China a good role model for further developing the political system. All leading rating agencies – FitchRatings, S&P, DBRS Morningstar – give the People’s Republic of China a credit […]
Internet Oligopoly is Hindering Online Retail Growth
China strengthens small and medium-sized enterprises. On 5 March 2021, the Government of China (rated A1 stable by Moody’s) said it will encourage internet companies to reduce commissions to an appropriate level for merchants that […]
Guard the Livinguard
Face masks change the appearance of people, but also of companies. The corona pandemic made many managers really familiar with video conferencing technologies. But it is still unusual when a member of the board of […]
Secured Income by Securing Deposits
The system of deposit insurance in the private banking industry makes GBB-Rating almost indispensable. Cologne-based GBB-Rating, a company of the Auditing Association of German Banks, offers credit ratings with a price / performance ratio challenging […]
Questionable Top of the Scope Pyramid
More details are becoming known about the recent bank and corporate failures in Germany.
Moody’s Has More Details About Greensill Bank and its Customers
The Federal Financial Supervisory Authority (BaFin) had issued a ban for Greensill Bank AG on disposals and payments as there is an imminent risk that the bank will become over-indebted. Beyond the bank, the effects […]
Rating Forest Investments
Understanding the importance of sustainability has popularized an asset class that used to be reserved for the state, churches and nobles. Forest – to be precise its wood – has always served people as fuel, […]
FFP2 Masks Tested
The rating of the ffp2 masks by Stiftung Warentest needs repair. Stiftung Warentest is a foundation established in 1964 by the German federal parliament with the aim of helping consumers by providing impartial and objective […]
Re-Innovate a Social System
In the book with the rather harmless title „Social Credit Rating“, Springer Verlag, Hrsg. Oliver Everling, all financial, societal and political issues of today can be found. Since 2014, the KP (communist party) of PRC […]
From Money Substitute to Lottery Substitute
The average Bitcoin holding time for investors is estimated 3.1 years. However, as a new Handelskontor infographic shows, there has recently been a change: More and more traders are appearing, while the relative proportion of […]
Iffy Rating of Claims Against The Auditing Company EY
Due to possible conflicts of interest, the work of rating agencies and that of auditing firms are strictly separated.
Moratorium at the Bremen CRR credit institution
Bank is closed due to lack of evidence of the existence of receivables in its balance sheet.
Resistance of the Gallic Village
France and Germany are still a long way from having an efficient social credit system. One of the many prerequisites for a functioning social credit system is the abolition of cash, because only electronic money […]
First crypto fund ratings in Germany
TELOS GmbH, known for their fund ratings in the institutional sector, and DLC Distributed Ledger Consulting GmbH announce a strategic cooperation in the field of crypto fund ratings. The aim of the cooperation is to […]
Bank Rating – Normative Banking Regulation in the Financial Market Crisis
Oliver Everling and Karl-Heinz Goedeckemeyer (publisher): Banking Rating – Normative Banking Regulation in the Financial Market Crisis, 2nd Edition, Wiesbaden 2015, Springer Gabler, http://www.springer.com, Copyright Springer Fachmedien Wiesbaden 2004, 2015, ISBN 978- 3-8349-4734-5, DOI 10.1007 […]
Israel and UAE lead the field
Without a vaccination and without a face mask, the risks remain incalculable. Israel is leading the race to reach the 60-70 percent threshold needed to suppress the spread of Covid-19 among the general population. Second-placed […]
Light Masks for Easier Breathing
Masks are also an issue for psychologists. Who would have thought in 2019 that face masks could one day become an issue for risk managers? The far-reaching consequences give reason to be precisely informed about […]
The IC Rating™ model by Intellectual Capital Sweden
Intellectual Capital comprises all factors critical to an organization’s future success that are not shown in the traditional balance sheet. If you are looking for a rating approach to intellectual capital (IC) that fits that […]
The Boom of Emerging Sovereign Bond Markets during 1991–2016
A remarkable feature of the globalization era was the enhanced credit position of many emerging economies. This blog article is a short excerpt from Country Risk – The Bane of Foreign Investors (Springer, 2020) by […]
Countercyclical Capital Buffer in the Election Year
To avoid speculation about the state of banks and the economy in the election year, there are no more capital adjustments. Bank capital should be accumulated when cyclical systemic risk is judged to be increasing, […]
GRENKE Informs About Fruits of BaFin’s Special Auditor
Based on an ad hoc announcement, Grenke AG called this morning for a media conference that was scheduled at short notice. Due to the severe crisis of the company and the still good ratings, the […]
Rating Evidence on the Effectiveness of Vaccines
‘CO’ stands for corona, ‘VI’ for virus, and ‘D’ for disease. There is a lot of data circulating about the effectiveness of vaccines against the coronavirus. Even experts can skid when they have to translate […]
In 2020 DEFAMA Once Again Achieved Highs in All Key Figures
DEFAMA promised to publish the audited figures and the 2020 annual report at the end of April 2021. According to preliminary and unaudited figures, Deutsche Fachmarkt AG (DEFAMA) achieved a consolidated net income of € […]
How to Celebrate Best Asset Manager Ratings
Firstfive AG is Germany’s leading rating agency for assessing asset managers in wealth management. The best asset managers are honored annually. Based on the Sharpe ratio, i.e. the risk-adjusted performance, the results from three risk […]