HOW TO USE THIS RATING REPAIR

  • Capital Market Rating

    Capital Market Rating

    Oliver Everling and Jens Schmidt-Bürgel (editors): Capital Market Rating: Perspectives for Corporate Financing, Betriebswirtschaftlicher Verlag Th. Gabler, Wiesbaden 1st edition December 2005, http://www.gabler-verlag.de, hardcover, 318 pages, ISBN 3-409-14242-8. The financing requirements for companies have changed considerably in recent years. There is a trend from bank-oriented to capital-market-driven financing culture, and corporate bonds are becoming an […]

    Dr. Oliver Everling

    February 2, 2021
    Books
    Company, Issuer
  • Berechtigungsscheine as an Emerging New Asset Class in Germany

    Berechtigungsscheine as an Emerging New Asset Class in Germany

    Eligibility certificates (Berechtigungsscheine) are short of becoming a new asset class in Germany. Since January 2021, the Federal Government of the Federal Republic of Germany has been distributing authorization certificates intended for the purchase of goods with practically no prior notice. Within a few days, markets were created where the certificates of entitlement are now […]

    Dr. Oliver Everling

    February 2, 2021
    Read
  • ESMA Hopes for Changes to CRA Supervisory Fees

    https://www.esma.europa.eu/press-news/esma-news/esma-consults-changes-cra-supervisory-fees

    Dr. Oliver Everling

    January 29, 2021
    Agencies, Authorities
  • ESMA Consulting on New Mapping of ECAIs’ Credit Assessments

    https://www.esma.europa.eu/press-news/esma-news/esas-consult-amend-technical-standards-mapping-ecais%E2%80%99-credit-assessments

    Dr. Oliver Everling

    January 29, 2021
    Authorities
  • German Authority Gives No Mercy to Insider Trading

    German Authority Gives No Mercy to Insider Trading

    On January 27, 2021, the Federal Financial Supervisory Authority (BaFin) reported an employee of the securities regulator to the Stuttgart public prosecutor on suspicion of insider trading. The employee had sold structured products with the underlying Wirecard AG on June 17, 2020. On June 18, 2020, Wirecard AG made public that it was not yet […]

    Dr. Oliver Everling

    January 28, 2021
    Actions, Crime
    Bank
  • Financial Psychologist Recommends Inconspicuous Face masks

    Financial Psychologist Recommends Inconspicuous Face masks

    FFP2 masks are not just a question of operational risk and the operational risk rating of banks. “You are by far our dearest customers” – this or something similar can and could be read in some German shops, the reference to the required minimum distance. In view of the ongoing pandemic and slow vaccinations, the […]

    Dr. Oliver Everling

    January 28, 2021
    Read
  • React Flexibly to Requirements With FFP2 Masks

    React Flexibly to Requirements With FFP2 Masks

    Resilience in crisis situations and flexibility distinguish companies with good ratings. As a result of the COVID-19 pandemic, the core business of many industries continues to be severely affected. However, many medium-sized companies have reacted flexibly to the new conditions and adapted their production to the circumstances. An example for this is EPG Pausa GmbH […]

    Dr. Oliver Everling

    January 27, 2021
    Processes, Read
  • Top Grade for the Distance University Run by the Rating Expert

    Top Grade for the Distance University Run by the Rating Expert

    Prof. Dr. Ottmar Schneck, Rector of the SRH Fernhochschule: “WOW – we did the triple! Three times in a row we have now received the coveted ‘Most Popular Distance University’ seal from ‘Distance Learning Check’ (Siegel ‚Beliebteste Fernhochschule‘ von ‚Fernstudium Check). We are very pleased to be able to hold this award from our students […]

    Dr. Oliver Everling

    January 27, 2021
    Education, Experts, Universities
  • Green Bubbles and Adverse Selection Based on Sustainability Criteria

    Green Bubbles and Adverse Selection Based on Sustainability Criteria

    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 […]

    Dr. Oliver Everling

    January 27, 2021
    Agencies, Investors
  • Crime Detection and Prevention Through AI-based Rating

    Crime Detection and Prevention Through AI-based Rating

    All eyes on MULTIEYE BOS Manager Artec technologies AG (ISIN DE0005209589) strategically develops its business with authorities and organizations with security tasks (BOS). It was not just the storming of the Capitol in the United States or the attempt at the Berlin Reichstag that showed that security authorities need to integrate the monitoring and evaluation […]

    Dr. Oliver Everling

    January 26, 2021
    Crime, Data, Products, Profiling, Read
  • Sigmar Gabriel Explains to Moody’s the Euro as a Question of Sovereignty and Security

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

    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 […]

    Dr. Oliver Everling

    January 26, 2021
    Experts
    Country, Sovereign, Supranational
  • Is The Notion of Efficiency Alien to Charity?

    Is The Notion of Efficiency Alien to Charity?

    there are minimum requirements for recognized non-profit organizations. But can their efficiency and effectiveness also be rated? At effektiv-spenden.org Sebastian Schwiecker, founder and managing director of UES – Gemeinnützige Unternehmergesellschaft (haftungsbeschränkt) für effektives Spenden, tries to give very specific answers to the question of how you can achieve the greatest possible effect with your donation, […]

    Dr. Oliver Everling

    January 25, 2021
    Comments, Criteria, Definitions, Methodologies, Read
  • The Virus Reverses Gender Equality, Not Only An Issue for Impact Investors

    The Virus Reverses Gender Equality, Not Only An Issue for Impact Investors

    The COVID-19 pandemic has profoundly affected the lives of countless people around the world, with women being the hardest hit. Not only because they have a higher risk of COVID-19 infection due to their work in the health sector, but also because they are over-represented in professions where keeping your distance is more difficult and […]

    Dr. Oliver Everling

    January 25, 2021
    Criteria, Investors
  • Forensic Rating Model to Identify Creative Accounting

    Forensic Rating Model to Identify Creative Accounting

    Dr. Oliver Everling

    January 24, 2021
    Agencies, Compliances, Crime
  • China Emerges as a Winner From The Corona Year 2020

    China Emerges as a Winner From The Corona Year 2020

    China is one of the very few economies that were able to record growth last year, writes DZ BANK in its “Macroeconomics – Economic Perspectives – Economics Weekly“. In the final quarter, the Chinese economy even returned to the growth path of pre-Corona times. After all, the country in which the pandemic originated can count […]

    Dr. Oliver Everling

    January 22, 2021
    Read
  • Lack of Financial Education

    Lack of Financial Education

    “You do not talk about money.” This is a common saying in German. “You do not talk about money? But we should! ”- under this motto, Austria’s Financial Market Authority (FMA) is launching a new information format for consumers with immediate effect: “Let’s talk about money”. Exciting aspects from various basic finance topics shall be […]

    Dr. Oliver Everling

    January 20, 2021
    Advisors, Authorities, Read
  • BaFin Corrects False Warning Against a Real Company and Warns Against Fake Business of a Doppelganger

    BaFin Corrects False Warning Against a Real Company and Warns Against Fake Business of a Doppelganger

    Following its consumer report of December 3, 2020, the Federal Financial Supervisory Authority (BaFin) now makes it clear on January 18, 2021 that the activity as “asset manager” is not used by HTG Consulting GmbH, but by unknown third parties. HTG Consulting GmbH became victim of identity theft. On December 3, 2020, BaFin reported, among […]

    Dr. Oliver Everling

    January 18, 2021
    Authorities, Read
  • Art Market Picking Up

    Art Market Picking Up

    Players’ confidence in the art market is improving, measured live by Artprice.com. The theoretic principles behind this index are as simple as the ones behind the Consumer Sentiment Index in the US. This index constitutes a reference in every single global marketplace. The principles are based on the same method as used for the Consumer […]

    Dr. Oliver Everling

    January 17, 2021
    Read
  • Quality Face Masks Are Among The Top Ten Donation Requests

    Quality Face Masks Are Among The Top Ten Donation Requests

    Donations are resources. Who donates invests. Therefore, every donor is interested in how likely it is that the goals of the donation will be achieved. Assessing and classifying this probability of reaching the aims of a donation is the subject of a charity rating. What do donors want to donate? Donor priorities change with circumstances […]

    Dr. Oliver Everling

    January 16, 2021
    Advertising, Read
  • How to Run a Credit Reporting Agency in China

    How to Run a Credit Reporting Agency in China

    The People’s Bank of China issued a Draft for comments on “Measures for the Administration of Credit Investigation Services“. It is intended to regulate the credit investigation business and related activities, and promote the healthy development of the credit investigation industry. This is formulated in accordance with the “Civil Code of the People’s Republic of […]

    Dr. Oliver Everling

    January 14, 2021
    Agencies, Authorities, Bureaus, Compliances, Governance, Read, Registrations, Regulations
  • China’s Administrative Measures for Credit Investigation and Regulations on the Administration of Credit Investigation Industry

    China’s Administrative Measures for Credit Investigation and Regulations on the Administration of Credit Investigation Industry

    On January 11, 2021 the People’s Bank of China announced the “Administrative Measures for Credit Investigation (Draft for Comment)”. This is another heavy new regulation that the credit reporting industry will usher in after the 2013 “Regulations on the Administration of Credit Investigation Industry” and the “Administrative Measures for Credit Investigation Institutions”. The “Measures” have […]

    Dr. Oliver Everling

    January 13, 2021
    Authorities, Read, Regulations
  • Well on Track with Around 50% Growth

    Well on Track with Around 50% Growth

    The business development of artec technologies AG (ISIN DE0005209589) in 2020 was positive overall, despite challenges related to the corona pandemic, reports the company from Diepholz / Bremen. After annual sales that increased by around 50% to EUR 3.15 million, the Management Board expects – as forecast, subject to the review – a significantly improved […]

    Dr. Oliver Everling

    January 12, 2021
    Read
    Stock
  • Six UK-Based Credit Rating Agencies Lost Their Registrations

    Six UK-Based Credit Rating Agencies Lost Their Registrations

    The European Securities and Markets Authority (ESMA), the supervisor of European Union (EU) credit rating agencies (CRAs), has withdrawn the registrations of CRAs based in the United Kingdom (UK). ESMA’s decisions follow the end of the transition period of the UK’s withdrawal from the EU, which occurred on December 31, 2020. UK credit ratings will […]

    Dr. Oliver Everling

    January 4, 2021
    Agencies, Read
  • Simple Protection Against Investment Fraud

    Simple Protection Against Investment Fraud

    594 victims of financial frauds reported to the Austrian Financial Market Authority (FMA) in 2020 – the highest figure in an upward trend in fraud cases that has been going on for years. The average damage is around € 42,000 per person. Many overlook the role of rating agencies. Credit Rating Agencies and other agencies […]

    Dr. Oliver Everling

    December 29, 2020
    Read
  • IOSCO’s Profiling of Investors’ Risk Appetite

    IOSCO’s  Profiling of Investors’ Risk Appetite

    The International Organization of Securities Commissions (IOSCO) issued a report with some remarkable findings. Given its mission to assist regulators in responding to the retail market conduct issues caused by stress events such as the current COVID-19 pandemic, the report examines common retail misconduct risks that have arisen in the financial services industry during the […]

    Dr. Oliver Everling

    December 28, 2020
    Profiling, Read
  • Rock Tech Rocking the Market

    Rock Tech Rocking the Market

    What made the stock price of Rock Tech Lithium Inc. (Rock Tech) double within just two months? The answer might be here: Apeiron Investment Group, the family office of serial entrepreneur and investor Christian Angermayer is committed to the success of Rock Tech. Christian Angermayer sees a huge opportunity and the perfect timing for his […]

    Dr. Oliver Everling

    December 23, 2020
    Investors, Read
    Lithium, Resource, Stock
  • Mitigate Operational Risks By Using FFP2 Face Masks

    Mitigate Operational Risks By Using FFP2 Face Masks

    For companies in which employees cannot always keep a safe distance from another, the infection of individual employees and the consequential officially ordered quarantine measures can result in major economic losses. Companies can effectively counteract this by using FFP2 masks, because FFP2 masks, in contrast to normal mouth and nose protection, also protect the wearer […]

    Dr. Oliver Everling

    December 23, 2020
    Advertising, Read
  • Vectron’s Recurring Income Strengthens Its Rating

    Vectron’s Recurring Income Strengthens Its Rating

    Vectron Systems AG (Vectron), a leading provider of intelligent, digitized cash register systems consisting of hardware, software and cloud services, with a focus on the gastronomy and bakery sectors, has created itself a better position for its credit ratings. A stable rating history is ensured in particular by sustainable, recurring income. Vectron makes use of […]

    Dr. Oliver Everling

    December 22, 2020
    Criteria, Read
  • Western Countries Still Lack Systems to Fight Identity Theft

    Western Countries Still Lack Systems to Fight Identity Theft

    The German Federal Financial Supervisory Authority (BaFin) published an urgent announcement “21.12.2020 | Topic Consumer protection: Warning regarding the website ‘otc-markets.eu’”. Regardless of the warning, the website is still active: BaFin advises that the website “otc-markets.eu” does not belong to the US company OTC Markets Group Inc. “This is a case of identity theft committed […]

    Dr. Oliver Everling

    December 21, 2020
    Authorities, Crime, Read, Systems
  • Why Art Rating Criteria Need to Be Repaired

    Why Art Rating Criteria Need to Be Repaired

    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,” […]

    Dr. Oliver Everling

    December 20, 2020
    Agencies, Criteria, Read, Repairs, Reports
    Art
  • From Alibaba as “Amazon of China” to Amazon as “Alibaba of the USA”

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

    “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 […]

    Dr. Oliver Everling

    December 20, 2020
    Advisors, Investors, Read
  • How A Credit Rating Agency Should Determine the Weights of ESG Criteria

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

    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 […]

    Dr. Oliver Everling

    December 20, 2020
    Agencies, Criteria, Definitions, Methodologies, Read
    Company, Government
  • German Medium-Sized Bond Issuers Avoid German Government Loans

    German Medium-Sized Bond Issuers Avoid German Government Loans

    The financial reports of medium-sized bond issuers in Germany published in 2020 were evaluated and analyzed by URA Research. The URA ratings for 7 bonds were confirmed. According to the report from Munich, the assessment has improved for 1 bond and deteriorated for 10 bonds. The 3rd bond from Karlsberg Brauerei GmbH and the 6th […]

    Dr. Oliver Everling

    December 19, 2020
    Read, Reports
  • Future Divisional Structure of S&P Global

    S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced the future divisional structure of the combined company, effective upon completing their pending merger: Divisional Structure S&P Global Ratings will be led by Martina Cheung, currently President of S&P Global Market Intelligence, upon close. Effective immediately, Martina Cheung will also lead the S&P Global ESG […]

    Dr. Oliver Everling

    December 18, 2020
    Agencies, Read
  • Double-edged Strengthening of Banks’ Equity

    Double-edged Strengthening of Banks’ Equity

    A few days after the European Central Bank and the German Federal Financial Supervisory Authority (BaFin), the European Systemic Risk Board (ESRB) is now recommending that distributions continue to be restrictive in view of the corona pandemic. General Board of the European Systemic Risk Board held its 40th regular meeting on December 15, 2020. According […]

    Dr. Oliver Everling

    December 18, 2020
    Read
    Bank, Financial Institution, Insurer
  • DEFAMA’s Gemstones Among German Commercial Real Estate

    DEFAMA’s Gemstones Among German Commercial Real Estate

    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 […]

    Dr. Oliver Everling

    December 18, 2020
    Criteria, Read
    Stock, Tenant
  • Lloyd Howell

    On December 18, 2020, Moody’s Corporation announced that Mr. Lloyd Howell has been elected as a member of the Company’s Board of Directors, effective as of March 15, 2021. Lloyd Howell also has been elected to serve on the Board’s Audit, Governance & Nominating and Compensation & Human Resources Committees, effective as of March 15, […]

    Dr. Oliver Everling

    December 18, 2020
    Agencies, Directors, Read
  • FATF and BaFin Ratings

    FATF and BaFin Ratings

    The European Union (EU) and Financial Action Task Force (FATF) lists countries with deficits in the fight against money laundering, terrorist financing and the financing of proliferation. The lists have far-reaching implications for country ratings and especially for ratings of financial service providers. FATF publishes a consolidated table of assessment ratings. On the basis of […]

    Dr. Oliver Everling

    December 18, 2020
    Authorities, Compliances, Governance, Regulations
  • CoStar: A Star Rising Higher

    CoStar: A Star Rising Higher

    The Washington based CoStar Group (WKN: 922134 / ISIN: US22160N1090, Symbol: CSGP), with a staff of over 4,300 worldwide, is a company to watch in the rating industry, since CoStar is a leading provider of commercial real estate information, analytics and online marketplaces. In addition to its importance to the rating industry, it is also […]

    Dr. Oliver Everling

    December 18, 2020
    Agencies, Data
    Bond, Stock
  • Shenzhen – The World Economy of Tomorrow

    Shenzhen – The World Economy of Tomorrow

    You can read it in old German travel guides: Shenzhen was once a fishing village. Shenzhen is not mentioned in the five-volume “Der Neue Brockhaus” from 1975. In 1993, the renowned Brockhaus Encyclopedia reported in 24 volumes under the short keyword “Shenzhen” of only 280,000 inhabitants. Even then it may have irritated readers that the […]

    Dr. Oliver Everling

    December 17, 2020
    Read, Reviews
  • Moody’s Heatmap Shows Heightened Environmental Credit Risk

    Moody’s Heatmap Shows Heightened Environmental Credit Risk

    Moody’s analysts have revised their environmental classification to reflect evolving environmental, social and governance standards, disclosure frameworks and market conventions among issuers and investors. Environmental risks can arise from regulatory and policy issues, hazards or a combination of both. The five environmental categories Moody’s considers most material to credit are carbon transition, physical climate risks, […]

    Dr. Oliver Everling

    December 16, 2020
    Agencies, Criteria, Models, Read
    ESG, Industriy, Sector
  • S&P And Moody’s Are Losing Market Share in the EU

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

    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 […]

    Dr. Oliver Everling

    December 14, 2020
    Agencies, Certifications, Read, Registrations, Regulations
  • Screen Applicants Faster

    Screen Applicants Faster

    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 […]

    Dr. Oliver Everling

    December 5, 2020
    Read
  • Social Credit Rating

    Social Credit Rating

    Oliver Everling (editor): Social Credit Rating, Wiesbaden 2020, Springer Gabler Verlag, eBook ISBN 978-3-658-29653-7, Softcover ISBN 978-3-658-29652-0. Social credit ratings are the result of social credit systems. These include online rating or scoring systems which are making use of a variety of databases, using, for example, the creditworthiness, criminal record and social behavior of individuals […]

    Dr. Oliver Everling

    October 26, 2020
    Books
    Social Credit
  • Toward A Reputation State: A Comprehensive View of China’s Social Credit System Project

    Toward A Reputation State: A Comprehensive View of China’s Social Credit System Project

    China’s Social Credit System Project (the “SCSP”) is one of the most misunderstood recent developments in China’s law and policy. In the book “Social Credit Rating“, Xin Dai offers a comprehensive conceptual thesis that explains the SCSP as the Chinese government’s multi-faceted strategy to use reputation in law and governance. The SCSP envisions that reputation […]

    Dr. Oliver Everling

    October 17, 2020
    Governance, Read
    Social Credit
  • 2020 Becomes the First Year of Digital Currency

    2020 Becomes the First Year of Digital Currency

    From October 8th to 18th, 2020, Luohu District, Shenzhen, China, conducted a digital currency experiment, issuing digital currency red envelopes totaling 10 million RMB (approximately 1.5 million Dollars). From the 8th to the 11th October, 1,913,800 Shenzhen residents reserved a lottery for red envelopes, and 50,000 of them received digital RMB red envelopes, each at […]

    Jeffrey Yam

    October 16, 2020
    News, Read
  • 57 Registered Credit Rating Agencies in China

    57 Registered Credit Rating Agencies in China

    Here is the most recent list of 57 registered credit rating agencies in the People’s Republic of China as of October 11, 2020:

    Jeffrey Yam

    October 11, 2020
    Read
  • Reflections on China’s Credit Reporting Practice

    Reflections on China’s Credit Reporting Practice

    Prof. Wu Jingmei discusses in her contribution to the book “Social Credit Rating” the current situation, logic and development trends of China’s credit reporting system. China’s credit reporting system is composed of financial, commercial and administrative credit reporting, which were set up according to its resource allocation system divided into financial sector, non-financial sector, and […]

    Dr. Oliver Everling

    October 10, 2020
    Read, Systems
    Social Credit
  • Retail Investors Benefit From the Quant IP Innovation Score

    Retail Investors Benefit From the Quant IP Innovation Score

    The Munich investment boutique Quant IP is launching a new tranche for private investors for its equity fund Quant IP Global Innovation Leaders Fund. This gives investors the opportunity to invest small sums in the fund or to take out a savings plan. “We want to give self-decision makers the opportunity to invest in our […]

    Dr. Oliver Everling

    October 8, 2020
    Investors, Performance, Read
  • A Study on the Typological Regulation of the Dishonesty Punishment – also on the Rule Design of the Social Credit Law

    A Study on the Typological Regulation of the Dishonesty Punishment – also on the Rule Design of the Social Credit Law

    The punishment of dishonesty is an important content of the credit rule of law, writes Wang Wei in the book “Social Credit Rating“. “The punishment of dishonesty is not a precise legal concept,” he says, “so we must use legal technology to analyze and define it.” In the market punishment, industrial punishment, social punishment, administrative […]

    Dr. Oliver Everling

    October 3, 2020
    Governance, Read
    Social Credit
  • No Movement! Data or Life!

    No Movement! Data or Life!

    For many people it has become a reality: life is completely monitored. Hence it is no longer a question of whether life is, can or should be observed by strangers. It’s all about how, according to which rules, and by whom, with what consequences. Anyone who wears a smartwatch at night transmits their data to […]

    Dr. Oliver Everling

    October 2, 2020
    Models, Read
  • Groundbreaking Multifunctional Monitoring and Surveillance System for Compliance with Corona Hygiene Protection Measures

    Groundbreaking Multifunctional Monitoring and Surveillance System for Compliance with Corona Hygiene Protection Measures

    Artec technologies AG (ISIN DE0005209589) is now offering a multifunctional monitoring and monitoring system for compliance with corona hygiene protection measures called MULTIEYE OverCrowding Watch App. The software is based on existing artec products that have proven themselves in practice with the support of AI-based software components. The listed software company from Diepholz, Germany, has […]

    Dr. Oliver Everling

    September 29, 2020
    Compliances, Read
  • Risk Culture as a Means of Mitigating Conduct Risk

    Risk Culture as a Means of Mitigating Conduct Risk

    Thomas Kaiser and Tatjana Schulz write in their contribution to the book “Social Credit Rating” about the similarities with and differences to the China Social Credit System: Banks around the world have been exposed to numerous cases of misconduct at individual as well as on a systemic level, inflicting harm on single customers and the […]

    Dr. Oliver Everling

    September 26, 2020
    Methodologies, Models, Read
    Social Credit
  • Determinants of Consumer Credit Default in Romania: A Comparison of Machine Learning Algorithms

    Determinants of Consumer Credit Default in Romania: A Comparison of Machine Learning Algorithms

    Prof. Dr. Monica Dudian and Ana-Maria Sandica investigate the separation power of several machine learning techniques and compared them with the benchmark logistic regression using real data from 17520 private individuals of a Romanian commercial bank. The result of their research can be read in the book “Social Credit Rating“. In order to capture the […]

    Dr. Oliver Everling

    September 19, 2020
    Read, Uses
    Social Credit
  • Credit Rating Information Failed to Deliver

    Credit Rating Information Failed to Deliver

    AvP Deutschland GmbH is an example of a rating dilemma: The company is too small to belong to the group of companies closely monitored by recognized rating agencies automatically, and too large to be ignored as a risk. In general, credit reference agencies only use the financial statements and other official information available from the […]

    Dr. Oliver Everling

    September 16, 2020
    Performance, Read
    Financial Institution
  • SME Rating Dilemma

    SME Rating Dilemma

    Small and medium-sized companies have difficulties communicating their creditworthiness credibly. Recognized credit rating agencies concentrate their services on companies that go through a committee-based rating process. The legal framework in Europe offers no alternative to this. Only those who meet all the requirements of the EU regulation on credit rating agencies can be recognized as […]

    Dr. Oliver Everling

    September 14, 2020
    Agencies, Models, Read, Regulations
    SME
  • Separation of Product Comparison, Brokerage and Insurance Services

    Separation of Product Comparison, Brokerage and Insurance Services

    Any rating company who does not limit itselve to the comparison of financial services, but also insures the customer against risks, must obtain approval for this. There is no free market for financial services in Germany. The Federal Financial Supervisory Authority in Germany, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), ordered the CHECK24 comparison portal CHECK24 Vergleichsportal Finanzen […]

    Dr. Oliver Everling

    September 14, 2020
    Compliances, Governance, Read
  • Legal Characteristics of Forest Ownership

    Legal Characteristics of Forest Ownership

    At the federal and state level, there are laws on forests in Germany that must be taken into account with every rating of forest investments. The federal states regulate rights and obligations differently. In the following see the example of the Hessian Forest Act (GVBl. 2013 S. 458 vom 08.07.2013). The aim of the Hessian […]

    Dr. Oliver Everling

    September 12, 2020
    Read, Regulations
    Forest
  • The Social Credit System and China’s Rule of Law

    The Social Credit System and China’s Rule of Law

    In 2014, the People’s Republic of China’s (PRC’s) central government formally declared the construction of a Social Credit System (SCS) a national task. Meanwhile, government-designated localities and companies are experimenting with scoring systems for businesses, citizens and the administration. “The government’s initiative introduces mechanisms for a massive aggregation and exchange of data about ‘credit subjects’, […]

    Dr. Oliver Everling

    September 12, 2020
    Governance, Read
    Social Credit
  • Genealogy of Country Risk

    Genealogy of Country Risk

    It is difficult to determine exactly when the concept of country risk was forged. The expression was used as far back as 1967 by Frederick Dahl – then assistant director of the Division of Examinations at the Board of Governors of the US Federal Reserve System – in a research paper addressing the international operations […]

    Norbert J. Gaillard

    September 11, 2020
    Definitions, Histories, Read
    Bank
  • Consumer Reporting Agency Against Bonus Hoppers

    Consumer Reporting Agency Against Bonus Hoppers

    “If you want to purchase electricity and gas cheaply, you have to compare prices and, if necessary, change providers. Energy suppliers obviously want to change that with Schufa and a credit agency.” An article about energy suppliers on tagesschau.de introduces the topic: “Electricity and gas customers who want to change their provider more often could […]

    Dr. Oliver Everling

    September 10, 2020
    Agencies, Read
    Social Credit
  • Cost Rating for Private Owners When Renting

    Cost Rating for Private Owners When Renting

    Real estate remains the most popular form of investment among Germans. In times of volatile stock markets, a real estate investment is still seen by many private investors as a secure return opportunity. However, not all private owners use their apartments themselves, but rent them out. In doing so, however, they often underestimate the costs […]

    Dr. Oliver Everling

    September 9, 2020
    Criteria, Read
  • Unfair Advertising with Ratings on Social Media Platforms

    Unfair Advertising with Ratings on Social Media Platforms

    Advertising with ratings on social media platforms that are given in return for participating in a competition is unfair. It can be assumed that a lottery will generate a considerable number of ratings. The Higher Regional Court of Frankfurt am Main (OLG) therefore banned the advertising of the defendant whirlpool seller in a judgment published […]

    Dr. Oliver Everling

    September 9, 2020
    Read
  • An Economic Approach to China’s Social Credit System

    An Economic Approach to China’s Social Credit System

    In an effort to increase trustworthiness across society, the Chinese government has been building its Social Credit System since 2014. This system targets all natural and legal persons in China and consists of four major elements: a central data platform, a rating system for commercial creditworthiness, a propaganda system for educative purposes and a publicly […]

    Dr. Oliver Everling

    September 5, 2020
    Methodologies, Models, Read
    Social Credit
  • A Case of Rating Repair for a Small Publicly Traded Company

    A Case of Rating Repair for a Small Publicly Traded Company

    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 […]

    Dr. Oliver Everling

    September 3, 2020
    Agencies, Analysts, Bureaus, Raters, Read
    Company, Debt, Share, Stock
  • Credit Rating and Residual Debt Insurance

    Credit Rating and Residual Debt Insurance

    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 […]

    Dr. Oliver Everling

    September 1, 2020
    Read, Scores
    Bank
  • Trust In a Time of Uncertainty

    Trust In a Time of Uncertainty

    The corona pandemic is far from over. This is especially true if you do not look at it from a purely medical point of view, but also from the perspective of the social and economic consequences. The virus divides the opinions of experts: on the one hand those who warn of the dangers of the […]

    Dr. Oliver Everling

    August 29, 2020
    Criteria, Read
    ESG, Reputation, Social Credit
  • How the Authority Determines Whether a Board Member Has Sufficient Time

    How the Authority Determines Whether a Board Member Has Sufficient Time

    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 […]

    Dr. Oliver Everling

    August 24, 2020
    Certifications, Read, Registrations, Regulations
    Social Credit
  • Management Board Members Must Submit a Certificate of Good Conduct for Official Purposes

    Management Board Members Must Submit a Certificate of Good Conduct for Official Purposes

    Depending on their nationality and place of residence, management board members must submit the original copy of a “certificate of good conduct for presentation to a German authority (certificate of good conduct for official purposes)” (document type “O”) issued by the Federal Office of Justice (Bundesamt für Justiz – BfJ). This document is issued in […]

    Dr. Oliver Everling

    August 24, 2020
    Certifications, Read, Registrations, Regulations
    Bank, Financial Institution, Leasing Company, Social Credit
  • Data for Bank Management Board Member’s Reputation Rating

    Data for Bank Management Board Member’s Reputation Rating

    The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) provides some insights into what kind of data is used to establish a bank management board member’s reputation rating in its Guidance Notice on management board members. This is pursuant to the German Banking Act (Kreditwesengesetz – KWG), the German Payment Services Supervision Act […]

    Dr. Oliver Everling

    August 24, 2020
    Certifications, Criteria, Read, Registrations, Regulations
    Bank, Commercial Bank, Investment Bank, Investment Fund, Management, Reputation, Social Credit
  • Professional and Personal Requirements for Persons Appointed as Management Board Members

    Professional and Personal Requirements for Persons Appointed as Management Board Members

    The Federal Financial Supervisory Authority of Germany (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) provided a Guidance Notice on management board members pursuant to the German Banking Act (Kreditwesengesetz – KWG), the German Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG) and the German Capital Investment Code (Kapitalanlagegesetzbuch – KAGB). The following introduces the approach how to check […]

    Dr. Oliver Everling

    August 23, 2020
    Certifications, Compliances, Read, Registrations, Regulations
    Bank, Financial Institution, Leasing Company, Social Credit
  • Credit Rating Criteria for Leasing Companies

    Credit Rating Criteria for Leasing Companies

    Under the umbrella of the Auditing Association of German Banks, GBB-Rating Gesellschaft für Bonitätsbeurteil mbH (hereinafter referred to as “GBB-Rating”) provides long-term credit ratings of leasing companies. GBB-Rating has published criteria for the rating of leasing companies in German on its website. Unfortunately there was (August 23, 2020) no English translation. In the following are summarized some of their […]

    Dr. Oliver Everling

    August 23, 2020
    Agencies, Criteria, Read
    Leasing Company
  • Leasing Company Rating

    Leasing Company Rating

    Leasing companies have been analyzed by leading US credit rating agencies for decades. In addition to these rating agencies, there are other rating approaches for leasing companies. Three of these are briefly presented here. The first relates to a joint initiative by Landesbanken and other credit institutions to operate bank-internal system for rating leasing companies. […]

    Dr. Oliver Everling

    August 23, 2020
    Agencies, Associations, Methodologies, Read, Systems
    Leasing Company
  • The Road Ahead For Social Credit Rating

    The Road Ahead For Social Credit Rating

    In the book “Social Credit Rating” you can read a lot about the nature and content of the social credit system, learn about governance, law and sustainability, as well as methods, models and functions. But what does that mean – for citizens as well as for companies? How can, how will Social Credit Rating change […]

    Prof. Bernd Thomsen

    August 17, 2020
    Uses
    Social Credit
  • Country Risk: The Bane of Foreign Investors

    Country Risk: The Bane of Foreign Investors

    Country Risk: The Bane of Foreign Investors (by Norbert Gaillard, Springer, July 2020) is an original and innovative research work. Chapter 1 introduces the key concepts. Chapter 2 establishes that impediments to international business preceded any mention of the country risk concept. I investigate how country risk has evolved and manifested since the advent of […]

    Norbert J. Gaillard

    August 17, 2020
    Agencies, Book
  • More than 300 Raters Worldwide

    More than 300 Raters Worldwide

    There is a simple definition of the word “rater”: “one that rates”. A rater is specifically a person who estimates or determines a rating. Not every rater is a rating agency. In a number of countries, only legal persons can be recognized as rating agencies. In most countries, individuals are free to express their opinion […]

    Dr. Oliver Everling

    August 16, 2020
    Agencies, Bureaus, Raters, Read
  • 30 Registered Credit Rating Agencies in China

    30 Registered Credit Rating Agencies in China

    The credit rating industry in China has a history of more than 30 years. According to the “Interim Measures for the Administration of the Credit Rating Industry”, which came came into force on December 26, 2019, the People’s Bank of China is the department in charge of the credit rating industry and takes charge of […]

    Jeffrey Yam

    August 13, 2020
    Agencies, Certifications, Read, Registrations
  • What Happens When You Become A Founder and Start a New Rating Agency?

    What Happens When You Become A Founder and Start a New Rating Agency?

    What happens when you start a new rating agency and become a founder? The 4 Ps are used here to identify some key factors for a new rating agency, including what investors and issuers want from them, how their services meets or fails to meet those needs, how rating services are perceived in the world, […]

    Dr. Oliver Everling

    August 13, 2020
    Agencies, Products, Read
  • Rating in Austria

    Rating in Austria

    The Recognized Credit Rating Agencies listed by the European Securities and Markets Authority (ESMA) have been registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies (the Credit Rating Agencies Regulation). The list does not contain a rating agency […]

    Dr. Oliver Everling

    August 13, 2020
    Advisors, Agencies, Read
  • Recognized Credit Rating Agencies

    Recognized Credit Rating Agencies

    There are almost 200 countries in the world. Many countries do not have specific regulations on rating activities, but most industrialized countries do have laws on Credit Rating Agencies (CRAs). Credit Rating Agencies are required to get registered, licensed, recognized or certified. Until the Credit Rating Agency Reform Act of 2006 was introduced in the […]

    Dr. Oliver Everling

    August 12, 2020
    Agencies, Certifications, Read, Registrations, Regulations
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