We talk with Sabih Behzad of Deutsche Bank about how the bank is using blockchain technology and what’s ahead for digital transformation of the broader banking industry. Speakers: Sabih Behzad, Head of Digital Assets and Currencies Transformation, Deutsche Bank; Cristiano Ventricelli, VP - Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP - S…

Credit conditions are holding steady across most banking systems globally despite the potential for trade disputes to weaken GDP and business investment, hurting borrower health and profitability. Host: Danielle Reed, VP - Senior Research Writer, Moody’s Ratings Guests: Effie Tsotsani, VP - Senior Analyst, Moody’s Ratings; David Tao, AVP - Analyst,…

We talk to Animoca Brands about digital innovation, stablecoins, and how collaborations among institutions, companies and regulators are pushing Web3 -- the decentralized internet -- into the mainstream. Speakers: Evan Auyang, Group President - Animoca Brands; Cristiano Ventricelli - VP - Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP - Se…

We talk to Sandip Wadje of BNP Paribas about the risks of digital technology, and how banks are balancing innovation and digital transformation against their security and compliance needs. Speakers: Sandip Wadje, Managing Director – Global Head of Emerging Technology Risks, BNP Paribas; Lucas Viegas, VP-Senior Analyst, Moody’s Ratings Host: Daniell…

We discuss the outlooks for digital finance and cybersecurity. Tokenization and digital assets will gain traction. Meanwhile, cyberattacks will likely be more frequent and more personalized. Speakers: Cristiano Ventricelli, VP-Senior Analyst, Moody’s Ratings; Leroy Terrelonge, VP-Analyst, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research W…

Solid GDP growth in most markets and low unemployment will support finance companies’ profitability and ease asset risks. Moderating inflation will improve most companies’ ability to issue debt. Speaker: Bruno Baretta, VP-Senior Analyst, Moody’s Ratings Host: Michael Porta, VP – Senior Research Writer, Moody’s Ratings Related research: Finance Comp…

Higher interest rates and a favorable macroeconomic environment are among the factors supporting credit strength for insurers worldwide. Speakers: Vincent Del Gatto, VP-Senior Analyst, Moody’s Ratings; Will Keen-Tomlinson, VP-Senior Analyst, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings; Myles Neligan, VP – Seni…

Analysts from Moody's Ratings discuss key outlook drivers including slower economic growth, low interest rates, weak credit demand and ongoing effects of distress in the property sector. Speakers: Kelly Chen, VP-Senior Analyst, Moody’s Ratings; Frank Yuen, VP-Senior Credit Officer, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research Writer, …

We discuss what’s behind our shift to a stable outlook for banking globally in 2025 from our negative outlook in 2024, and unpack some regional differences. Speakers: David Yin, VP-Sr Credit Officer at Moody's Ratings; Maria Cabanyes, Senior Vice President at Moody's Ratings; David Tao, AVP-Analyst at Moody's Ratings Host: Jun Yang, AVP-Research Wr…

Malik Faizullah of Moody’s Ratings talks to Chainlink co-founder Sergey Nazarov about technology that makes blockchains more connected and compatible, paving the way for new digital finance use cases. Speakers: Malik Faizullah, VP Mgr-Software Engineering at Moody's Ratings; Sergey Nazarov, Chainlink co-founder Host: Danielle Reed, VP-Senior Resear…

Moody’s Ratings Banking team AMD Fadi Massih discusses key highlights from our survey of banks actively engaged with private credit. Speaker: Fadi Massih, Associate Managing Director-Banking at Moody's Ratings Host: Danielle Reed, VP-Senior Research Writer; Michael Porta, VP-Senior Research Writer Related research: Private Credit – Global: Bank fun…

Stellar Development Foundation Executive Director and CEO Denelle Dixon explains what the open source blockchain network is doing to make financial services more accessible globally. Speakers: Denelle Dixon, Executive Director and CEO of the Stellar Development Foundation; Farooq Khan, VP-Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP – Se…

We discuss European banks’ ability to withstand a severe commercial real estate downturn, and how current property market weakness in APAC and China affects banks and insurers. Speakers: Kathleen Gamper, AVP-Analyst, Moody’s Ratings; Joseph Lin, VP-Senior Analyst, Moody’s Ratings; Qian Zhu, VP-Senior Credit Officer, Moody’s Ratings Hosts: Danielle …

We talk to QuantCube Technology co-founder and CEO Thanh-Long Huynh about how machine learning and alternative data combined can identify financial trends far ahead of official data. Speakers: Thanh-Long Huynh, co-founder and CEO of QuantCube Technology; Vincent Gusdorf, AMD, Digital Finance and AI Analytics, Moody’s Ratings Hosts: Danielle Reed, V…

Strong prices, tight policy terms and higher investment yields drive a positive outlook for the global reinsurance sector. Speaker: Brandan Holmes, VP – Senior Credit Officer, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Reinsurance – Global: Outlook shifts to positive as improvement in risk/r…

We talk to Alphaledger co-founder and CEO Manish Dutta about his firm’s quest to rebuild the fixed income market’s financial infrastructure, using blockchain. Speakers: Manish Dutta, co-founder and CEO, Alphaledger; Gregory Sobel, AVP-Analyst, Moody’s Ratings Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Local…

Cyber and climate risk are also high on the agenda at Moody’s summer 2024 insurance conferences in New York and London. Speakers: Audio excerpts from Sarah Williams, Chief Risk Officer, Guardian Life; Brandan Holmes, VP Senior Credit Officer FIG, Moody’s Ratings; Heather Lavallee, CEO, Voya; Joe Brandon, CEO, Allegheny; Sarah Hibler, Associate Mana…

Matthew White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), explains how the regulator is trying to make it safer for financial institutions to expand into digital finance in the region. Speakers: Matthew White, CEO of VARA; Rajeev Barma, SVP and Head of Strategy, Digital Economy, Moody’s Ratings Host: Danielle Reed, VP – Senior Resea…

Our analysts discuss which segments and loan types pose the largest risks to US banks and life insurers, and zero in on concentration risks in asset portfolios. Speakers: Evelyn Ocas Salazar, AVP-Analyst, Moody’s Ratings; Darrell Wheeler, VP-Senior Credit Officer, Moody’s Ratings; Stephen Lynch, VP-Senior Credit Officer, Moody’s Ratings, Hosts: Dan…

Yuval Rooz, CEO of Digital Asset, shares his thoughts on the present and future use cases of blockchain technology at global financial institutions. Speakers: Cristiano Ventricelli, VP – Senior Analyst, Moody’s Ratings; Yuval Rooz, CEO, Digital Asset Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings…

We discuss how differences in regional regulatory regimes and market structures affect life insurers’ allocations to private credit investments, and lay out those investments’ benefits and risks. Speakers: Benjamin Serra, Senior Vice President, Moody’s Ratings; Will Keen-Tomlinson, VP-Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior…

Moody’s Ratings analysts explain why Japan’s regional banks are vulnerable to yield-curve steepening and predict strong loan growth, and higher funding costs, for India’s non-bank finance companies. Speakers: Kensuke Ogawa, Analyst, Moody’s Ratings; C.J. Wong, AVP- Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s R…

As the regulatory environment continues to evolve, US and European banks have sought regulatory capital relief by offloading the credit risk of loans they make via special types of transactions. Guests: Warren Kornfeld, Senior Vice President at Moody's Ratings; Nick Monzillo, VP-Senior Analyst at Moody's Ratings; Frank Cerveny, VP-Senior Research A…

We talk to Joe Lyons of Bitsight about the growing risk from deepfakes in the age of GenAI. Speakers: Joe Lyons, VP, Cyber Risk & Ratings Research, Bitsight; Abhi Srivastava, AVP-Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Digital Economy – Cross Region: GenAI-powered deepfakes introd…

Shortening the settlement cycle is a complex undertaking for a clearing house and its members, but once the transition is complete, it will reduce counterparty risk. Speakers: Peter Nerby, Senior Vice President, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Exchanges & Clearing Houses – North Am…

Alternative asset managers seek removal of barriers to private markets for individual investors. Regulators are supportive but also wary of potential dangers. Speakers: Alexandra Aspioti, VP-Senior Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: As individual investors drive growth in pri…

Companies have responded to weather-related losses and higher reconstruction costs with sharp increases in premiums and tighter policy terms, and some have exited high-risk regions. Speakers: Evelyn Ocas Salazar, AVP Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings Related Research: Property & Casualty Insu…

Anthony Moro, CEO of Provenance Blockchain Foundation, joins us to talk about the technology and infrastructure developments shaping the future of financial asset tokenization. Speakers: Rajeev Bamra, SVP and Head of Strategy, Moody’s Ratings; Anthony Moro, CEO, Provenance Blockchain Foundation Host: Danielle Reed, VP – Senior Research Writer, Mood…

Moody’s analysts explore green finance, discussing greenwashing risk, the EU green loan market, and how clear standards and rules – and blockchain technology – could play a positive role. Speakers: Michael Dion, VP – Senior Analyst, Moody’s Ratings; Alberto Postigo, VP – Senior Credit Officer, Moody’s Ratings; Abhi Srivastava, AVP Analyst, Moody’s …

Basel 3.1 reforms will lead banks to apply high haircuts to unsustainably high property values and adjust mortgage risk weights to better differentiate between low-risk and high-risk loans. Speakers: Alexander Zeidler, VP-Sr Credit Officer at Moody's Ratings; Guillaume Lucien-Baugas, VP-Senior Analyst at Moody's Ratings Hosts: Aaron Johnson, VP-Sen…

As cyberattacks rise and AI poses new dangers, Moody’s analysts discuss banks’ own views of their cybersecurity defenses and explain the EU’s plan to rein in risks from third-party tech providers. Speakers: Lucas Viegas, VP-Senior Analyst, Moody’s Ratings; Brandon O’Halloran, AVP-Analyst, Moody’s Ratings Host: Danielle Reed, VP – Senior Research Wr…

Our 2024 Banking System Outlooks show more European systems joining the US on negative as economies slow and loan performance weakens. China stays negative, while India is positive. Speakers: Warren Kornfeld, Senior Vice President, Moody’s Ratings; Effie Tsotsani, VP-Senior Analyst, Moody’s Ratings; Juwon Lee, VP-Senior Analyst, Moody’s Ratings Hos…

Swedish lender Klarna’s AI assistant is driving material credit improvement this year. In the US, disclosures from Wells Fargo point to what’s ahead for banks’ commercial real estate loan performance. Speakers: Stephen Tu, VP-Senior Credit Officer, Moody’s Ratings; Allen Tischler, Senior Vice President, Moody’s Ratings Host: Danielle Reed, VP – Sen…

Over the next several years private credit in Europe will grow, largely because of companies’ substantial refinancing needs. But banks are already fighting to gain back market share. Speakers: Guillaume Lucien-Baugas, VP-Senior Analyst, Moody’s Ratings; Jeanine Arnold, Senior Vice President, Moody’s Ratings Host: Danielle Reed, VP – Senior Research…

We discuss the severe thunderstorms' rising insured costs. Plus: Earnings weakness in the Medicare Advantage business and US commercial real estate exposure of German banks. Speakers: Bernhard Held, VP-Sr Credit Officer, Moody’s Investors Service; Dean Ungar, VP-Sr Credit Officer, Moody’s Investors Service; Evelyn Ocas Salazar, AVP-Analyst, Moody’s…

Steve Tu, Farooq Khan and Petr Paklin of Moody's, with Joe Lyons of Bitsight, on how AI will change banks; On Fast Finance, we discuss Evergrande's liquidation and upcoming FHLBank reforms. Speakers: David Yin, VP – Senior Credit Officer, Moody’s Investors Service; Allen Tischler, Senior Vice President, Moody’s Investors Service; Stephen Tu, VP – S…

Cristiano Ventricelli explains how recent improvements to digital finance systems could help them gain scale. Plus, we discuss BlackRock’s recent acquisition and the SEC’s approval of spot Bitcoin ETFs. Speakers: Abhi Srivastava, AVP – Analyst, Moody’s Investors Service; Neal Epstein, VP-Senior Credit Officer, Moody’s Investors Service; Cristiano V…

Our global outlook for the sector remains negative for 2024, but the picture for non-bank finance companies is more varied than a year ago, with easing conditions in some markets and businesses. Speakers: Bruno Baretta, AVP – Analyst, Moody’s Investors Service Host: Michael Porta, VP – Senior Research Writer, Moody’s Investors Service…

Weak results in personal lines drive the negative outlook for property and casualty insurance, while life insurance benefits from higher interest rates. Speakers: Bruce Ballentine, VP – Senior Credit Officer, Moody’s Investors Service; Christian Badorff, VP – Senior Credit Officer, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Researc…

James Eck and Brandan Holmes explain how rising physical climate-related claims complicate insurers' risk management; Olivier Panis discusses benefits for banks of enhanced climate change reporting. Speakers: Olivier Panis, Senior Vice President, Moody’s Investors Service; James Eck, VP-Senior Credit Officer, Moody’s Investors Service; Brandan Holm…

The boost banks have enjoyed for the last two years will start to fade as high rates translate into higher funding costs and lower growth. But the outlook for banks is not so gloomy everywhere. Speaker: Felipe Carvallo, VP-Senior Credit Officer, Moody’s Investors Service Host: Erin McDermott, AVP – Research Writer, Moody’s Investors Service…

Reduced economic growth could lower financial institutions’ profitability, but there are also opportunities to sell retirement products and new forms of insurance. Speakers: Qian Zhu, VP-Senior Credit Officer, Moody’s Investors Service; Kelvin Kwok, AVP-Analyst, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s In…

Moody’s analysts discuss how lenders are managing the risks created by the end of the low-interest-rate era, and explore the favorable funding and liquidity characteristics of universal banks. Speakers: Yasuko Nakamura, VP – Senior Credit Officer, Moody’s Investors Service; Edoardo Calandro, VP – Senior Credit Officer, Moody’s Investors Service Hos…

Private credit lenders built stores of capital that we expect will be put to work competing with banks to fund a new wave of leveraged buyouts. In the first segment of this episode, we discuss LBO competition and the risks it poses. Later, our guest lays out the concentration of private credit among a handful of giant asset managers building their …

Moody’s analysts C.J. Wong and Yulia Wan discuss ongoing real estate market weakness in China and Vietnam, and explain how the credit effects will differ in each country. Speakers: C.J. Wong, Analyst, Moody’s Investors Service; Yulia Wan, VP-Senior Analyst, Moody’s Investors Service Hosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investo…

Moody’s analysts Marat Faritov and Cristiano Ventricelli discuss how digital bonds could reshape debt markets, and the hurdles to be overcome before the technology can be more widely adopted. Speakers: Marat Faritov, AVP – Analyst, Moody’s Investors Service; Cristiano Ventricelli, AVP – Analyst, Moody’s Investors Service Host: Danielle Reed, VP – S…

Moody’s analysts Laline Carvalho-Neff and James Eck explain how reinsurers have boosted their profitability, even as natural catastrophes have grown more frequent and more severe. Speakers: Laline Carvalho-Neff, VP-Senior Analyst, Moody’s Investors Service; James Eck, VP-Senior Credit Officer, Moody’s Investors Service Hosts: Danielle Reed, VP – Se…

Moody’s analysts discuss how a rate rise would affect Japan’s banks, Swedish banks’ high exposure to indebted real estate firms, and the stability of Swiss domestic bank deposits. Speakers: Tetsuya Yamamoto, VP – Senior Credit Officer, Moody’s Investors Service; Louise Welin, VP – Senior Credit Officer, Moody’s Investors Service; Goetz Thurm, VP Se…

Moody’s analysts discuss the economic and credit outlook for China, including the role of local government financing vehicles (LGFVs) and their debt burdens, and the latest on the property sector. Speakers: Lillian Li, VP-Senior Credit Officer, Moody’s Investors Service; Jessie Tung, VP-Senior Credit Officer, Moody’s Investors Service Host: Vittori…

Steve Tu discusses FedNow, a new US digital payments system, and why it could exacerbate deposit flight risk for banks. Farooq Khan explains the risks of higher interest rates for UK mortgage lenders. Speakers: Stephen Tu, VP – Senior Credit Officer, Moody’s Investors Service; Farooq Khan, VP – Senior Analyst, Moody’s Investors Service Hosts: Danie…