Preqin: US credit default risk ‘set to peak by mid-2024’ amid rate cut expectations
Global office vacancies are surging to all-time highs and expected to climb, causing further troubles for co-working titan WeWork and darkening the outlook for the world’s largest business hubs, writes Sinead Cruise for Reuters, citing research from Credit Benchmark.
Reuters: WeWork’s troubles darken outlook for embattled office market
Global office vacancies are surging to all-time highs and expected to climb, causing further troubles for co-working titan WeWork and darkening the outlook for the world’s largest business hubs, writes Sinead Cruise for Reuters, citing research from Credit Benchmark.
Reuters: Commercial real estate investors risk painful losses in post-COVID world
Commercial real estate investors and lenders are facing mounting losses if societal habits have changed for good in a post-COVID world, writes Sinead Cruise, Lucy Raitano and Lewis Jackson for Reuters, citing research from Credit Benchmark.
Structured Credit Investor: New Report Sheds Light on Post Covid Correlations
Though credit correlations have become more positive after the coronavirus pandemic, they’ve been dropping since late 2021. Nevertheless, challenges in achieving portfolio diversification are much more acute in the post-Covid period, writes Stelios Papadopoulos for Structured Credit Investor,
Global Association of Risk Professionals [GARP]: Capital Rules in EU Could Affect Securities Lending Elsewhere
U.S. market participants, already facing tough requirements, may find some relief, writes John Hintze at Global Association of Risk Professionals, citing research from Credit Benchmark.
Professional Pensions: 40% of DB Schemes ‘May Have Sponsor Credit Issues’
Nearly 40% of sponsors have significantly lower credit ratings than their pension schemes, which increases the likelihood of those funds being forced to rely on asset sales in the liability-driven investment (LDI) crisis, writes Stephanie Baxter at Professional Pensions, citing research from Credit Benchmark.
The Trade: Securities Lending Reg Reforms Could Hike European Buy-Side Trading Costs by €40 Billion, Report Finds
Trading costs for the European buy-side could be set to hike up by up to €40 billion due to new securities lending regulation, writes Annabel Smith at The Trade, citing research from Credit Benchmark.
Securities Finance Times: Basel Changes Could Trigger 35% Decline in Sec Lending Income for Europe’s Buy-Side
Securities lending indemnification is mispriced, subsidised by the agent providers and not all it’s cracked up to be as a risk mitigant, according to Credit Benchmark’s co-founder Mark Faulkner. He talks to Bob Currie of Securities Finance Times about how to reset the economics of the agency lending market.
Securities Finance Times: Rethinking the Economics of Indemnification
Securities lending indemnification is mispriced, subsidised by the agent providers and not all it’s cracked up to be as a risk mitigant, according to Credit Benchmark’s co-founder Mark Faulkner. He talks to Bob Currie of Securities Finance Times about how to reset the economics of the agency lending market.
Structured Credit Investor: Credit Benchmark Publishes Innovative CRT Report
Credit Benchmark have published a report that introduces a novel approach to portfolio selection and risk assessment in capital relief trades, writes Stelios Papadopoulos for Structured Credit Investor
