From Alibaba as “Amazon of China” to Amazon as “Alibaba of the USA”

Advisors, Investors, Read

“Innovative market leaders can excel in emerging countries”, writes a clever investor in his “Christmas letter”, who may be quoted here, but wants to remain anonymous, since his letter is only addressed to his “investors and serves to maintain contact with a few other acquaintances / friends”: “When it comes to innovation, the big US…

Rating Agency Violates Disclosure Of Transparency Reports And More

Agencies, Authorities, Compliances, Registrations, Regulations

CRA Transparency Reports 2021 “Transparency Reports” of credit rating agencies (CRAs) are published in accordance with Article 12 and Annex I, Section E.III of the EU Regulation on Credit Rating Agencies: (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, as amended by Regulation (EU)…

No Risk-Free Deposit World In This World

Repairs

Dr. Tamaz Georgadze comments in the renowned “Börsen-Zeitung” on the “Causa Greensill“ Deposit platforms such as the German “WeltSparen” and “Zinspilot” are among the most important innovations in banking: Customers get more choice and can benefit from higher interest rates from other banks. Deposit-taking banks efficiently diversify the sources of their customer liquidity, which contributes…

Billion Dollar Brand Name Given Away

Advertising, Agencies, Consulting, Histories

Rework requested Just a few years ago, a cereal was linguistically associated with Kellogg’s. Anyone who spoke of Kellogg’s in Germany thought of cornflakes and vice versa, anyone who thought of cornflakes would also think of Kellogg’s. In the meantime, discount chains – from Germany for example – such as Aldi and Lidl have revolutionized…

The Graveyard of Authorized Credit Rating Agencies in the European Union

Agencies, Authorities, Certifications, Registrations

Rating agencies have been registered in the European Union since 2010 in order to operate in accordance with the EU regulation on rating agencies of 2009 (CRAR). Dozens of agencies have therefore made use of the option, but also the obligation, to register or get certified. Rating agencies are only allowed to operate in the…

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Inflation Augur Sees Evidence

Experts

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 monthly increase was 10.1%.” The price drivers were petrol (+ 2.1% compared to the previous month) and used cars (+…

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Clever Commission From the City of Münster in Westphalia

Agencies, Analysts, Authorities, Experts

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 annual financial statements from issuers of financial products, the municipalities depend on the independent judgments of reliable credit rating agencies…

Rating Forest Investments

Criteria, Definitions, Investors, Read

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, product and building material. Forest has now become the epitome of sustainable investments. The idea of sustainability emerged in a…

APIs Allow Next Generation Financial Services

Read

Application programming interfaces—or APIs—have already had a fundamental impact on the digital banking industry by creating grounds for an array of new financial products. According to Marius Galdikas, CEO at ConnectPay, APIs can help further improve financial services, as they create the opportunity to ensure coherent multi-channel services and introduce personalized experiences, fostering repeat usage.…

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Modular Market Reports – New Product From Industrialport

Reports

“The current Corona development and the associated lockdowns were a real blessing for industrial real estate in 2020”, writes Peter Salostowitz, Managing Director of Industrialport GmbH & Co. KG and lecturer for PropTech and Entrepreneurship at the Fresenius University, the test winner “Private Business Universities “. “Hardly a week went by in 2020,” says Peter…

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New Rating Approaches for Crypto Exchanges and Crypto Custodians

Agencies, Models, Read

It was not just Tesla’s spectacular entry into the world of bullish cryptocurrencies that attracted the attention of investors to this young asset class. Thousands of crypto currencies are now part of a universe that ranges from outright fraud to serous applications. Keeping an overview here is hardly possible for individual private investors in particular…

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The Threat of Hacktivists

Read

Cyber risk is event risk, a risk that is growing across all sectors globally. Digitization continues to increase, making software more pervasive throughout an organization, which in turn drives ever more complex software supply chains while attacker capabilities are growing simultaneously. “However,” writes Moody’s in a research document, “the types of cyberattackers remain essentially the…

man in white dress shirt sitting on chair

Religious Affiliation and Politics

Read

Religious ties are a major cause of conflict. For example, while the leadership in the People’s Republic of China has hardly any institutional ties to religions, almost all presidents in the USA are religious. This results in conflicts of interest that can have different meanings depending on the religious affiliation. A look at past presidents’…

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Green Bubbles and Adverse Selection Based on Sustainability Criteria

Agencies, Investors

Why can ESG scores lead to unsustainable portfolios and “green” bubbles? Louis Larere, Portfolio Manager SRI, Zadig Asset Management, investigates this question. Sustainability is currently the most important trend in asset management and the integration of sustainability criteria in investment processes is already considered an “operating license” for many. Asset managers primarily use what are…

symbol of european union on banknote

Sigmar Gabriel Explains to Moody’s the Euro as a Question of Sovereignty and Security

Experts

Moody’s Credit Trends 2021 Germany & Austria “As last year has shown, a global pandemic can turn everything upside down,” says Jens Schmidt-Bürgel in an interview with Sigmar Gabriel and starts talking about the greatest challenges facing the new administration in the USA. Sigmar Gabriel is the keynote speaker at Moody’s conference “Credit Trends 2021…

Why Art Rating Criteria Need To Be Repaired

Agencies, Criteria, Read, Repairs, Reports

The Artprice Report, covering 20 years of Contemporary Art auction history, is a basis for understanding why evidence-based “art rating” is more important and urgent today than ever before. The complexity and global nature of the art market has never been greater. In the last two decades, decisive impetus came from China. “In 20 years,”…

How A Credit Rating Agency Should Determine the Weights of ESG Criteria

Agencies, Criteria, Definitions, Methodologies, Read

Moody’s “General Principles for Assessing Environmental, Social and Governance Risks” relate to issues which may have greater downside risk than upside potential for rated issuers. The introduction of these principles is perceived by many issuers as an additional pressure that weighs on them in order to prove their sustainable management. This pressure is unsettling, especially…

DEFAMA’s Gemstones Among German Commercial Real Estate

Criteria, Read

The Berlin-based Deutsche Fachmarkt AG (DEFAMA) invests specifically in small retail properties in small and medium-sized cities, predominantly in northern and eastern Germany. The most important purchase criteria are two or more chain stores with good credit ratings as anchor tenants, if possible no more than 10 tenants and an annual net rent of at…

S&P And Moody’s Are Losing Market Share in the EU

Agencies, Certifications, Read, Registrations, Regulations

For the first time, the European Securities and Markets Authority ESMA has reported a decline in market shares in Europe for both of the major US rating agencies. The authority thus discloses a remarkable development. Never before have the two market leaders, who have been issuing their credit ratings worldwide according to recognized standards and…

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Screen Applicants Faster

Read

With the Talent Report™ Select All solution, Equifax (NYSE: EFX) facilitates faster, more-informed hiring decisions for talent acquisition professionals with reliable verifications of employment via The Work Number® database. Talent Report Select All delivers contextual data in support of a more holistic view of the candidate in a single report, helping hiring managers make critical…

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A Case of Rating Repair for a Small Publicly Traded Company

Agencies, Analysts, Bureaus, Raters, Read

A small publicly listed company is a company whose shares are bought and sold on a particular stock market even though turnover or total assets are small in comparison to other listed companies. Every big story starts small. Therefore, among small companies there are often also stock corporations with exceptionally high potential for a good…

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Credit Rating and Residual Debt Insurance

Read, Scores

The question of the extent to which the creditworthiness of the borrower has an impact on the take out of a residual debt insurance is repeatedly the subject of discussions, i.e. whether consumers with lower creditworthiness are sold residual debt insurance more often than consumers with better creditworthiness. The German Federal Financial Supervisory Authority (bundesanstalt…

How the Authority Determines Whether a Board Member Has Sufficient Time

Certifications, Read, Registrations, Regulations

Within the scope of the Banking Act, the notification of intent to appoint a management board member must include the material facts for an assessment of whether sufficient time is available for the performance of the related duties. Board members are required to provide detailed information on how they spend their time. It is at…

Securities and Exchange Commission of Brazil Recognized Credit Rating Agencies

Agencies, Certifications, Read, Registrations, Regulations

Here are all recognized Credit Rating Agencies with name, address, district, city, state, postal addressing code, direct distance dialing, phone, fax, names of the risk rating director and internal controls director, registration date, Brazil national registry of legal entities number and current situation as of August 6, 2020. In addition to the credit risk rating…

Patent Rating

Definitions, Methodologies, Read, Systems

Innovation rating and patent rating have different tasks, but are interrelated. An innovation rating is used to assess a company’s ability to compete with other (innovative) companies through innovation. The patent rating, on the other hand, is a future-oriented judgment on the relative intrinsic value of a patent and requires a system of classification. The…

KYC Risk Rating

Compliances, Methodologies, Procedures, Read, Regulations, Systems

Under strict Anti-Money Laundering (AML) regulations put in place by national governments, the European Union (EU), the Financial Action Task Force (FATF), and the United Nations (UN), all financial institutions and many types of companies are required to closely monitor their clients’ accounts and report any suspicious activity. These legal requirements often take the form…

KYC Risk Rating

Compliances, Methodologies, Procedures, Regulations, Systems

Under strict Anti-Money Laundering (AML) regulations put in place by national governments, the European Union (EU), the Financial Action Task Force (FATF), and the United Nations (UN), all financial institutions and many types of companies are required to closely monitor their clients’ accounts and report any suspicious activity. These legal requirements often take the form…

Rating Accounts Receivable

Books

Grit S. Becker and Oliver Everling (Editor): Rating Accounts Receivable: Correctly assess the creditworthiness of business partners, Gabler publishing house – Springer Fachmedien Wiesbaden GmbH, http://www.gabler.de/, 1st edition, Wiesbaden 2010, 233 pages, ISBN 978 -3-8349-2070-6. The financial and economic crisis presents politicians with unprecedented challenges of unprecedented scope. The globalization of financial markets and the…

Buy, Rent and Lease in the Rating

Books

Christoph J. Börner, Oliver Everling and Robert Soethe (publisher): Buy, Rent and Lease in the Rating: Assessing the Financing Paths of Long-lived Assets Reliably, Betriebswirtschaftlicher Verlag Dr. Th. Gabler, Wiesbaden, http://www.gabler-verlag.de, hardcover, 1st edition 2008, 305 pages, ISBN 978-3-8349-0543-7. Businesses depend on the use of long-lived assets in their business activities. In addition to the…

Succession Rating

Books

Ann-Kristin Achleitner, Oliver Everling and Stefan Klemm (publisher): Successor Rating: Rating as an Opportunity for Company Succession: Rating as an Instrument of Medium-sized Company Succession, Betriebswirtschaftlicher Verlag Th. Gabler, Wiesbaden 1st edition January 2006, http://www.gabler-verlag.de, hardcover, 366 pages, ISBN 3-409-14327-0. The topics “medium-sized business succession” and “rating” are closely interwoven. At the latest when the…