GLG News by Rating Agency Experts

Impications: 1.A Dramatic use of the Investment Banks Funds, Employee Contributions and leveraging Investor Commitments. 2.A Recapitalization maybe required of all Investment banks. 3.Porfolio Securities have resulted/realized hugh losses. 4.There will be an aggregateof both realized and unrealized...

Implcations: 1.An influx of NEW assets by NEW and Existing clients. 2.This influx could not stop a fall in the Price per Share. 3. Conversely, the S & P Ratings of the Institution have Risen. 4.A General Strengthening of the of the Brokerage's Market Position. 5.The Outlook Position revision to...

Implications: 1.The Value of Preservation and the Enduring difficulties in a down turn of the Marketpkace. 2.All industry pers may attend and should include mortgage services, attorneys, default managers and customer service management. 3.The Purpose: "Awareness" of all current Market conditions. 4.Operational...

Implications: 1.A loss to both Net Income and Revenues reach the Billions Mark. 2.A further deterioration og the combined Income to Revenues is very likely to continue. 4.It is entirely possible that an additional charge may have to be absorbed at the year end audit and become a major obstacle for the...

Implications: 1.Ability of claims-paying base is not in sequence with corporate and mortgage debt securities. 2.Bond Insurers: MBIA and AMBAC value basis of shares have fallen. 3.A Waiver of all collateral requirements has or may not be effective. 4.A massive sell-off of all asset-based collateralised...

What should the rating agencies do?   1 perhaps step back a little from ratings based largely on what they put forward as immutable quantitative stress tests that were not supposed to change with the credit cycle and turn a bit more to judgment and subjectivity because credit is not just a...

VaR requires past price series which is not reliablie for illiquid securities VaR can be used for credit risk to do Credit VaR but this is frequeently not done VaR does indeed miss liquidity risks VaR entails many assumptions and so it is hard to compare VaR from one to another institution Internal...

Implications: 1.Higher fees for paycheck pay-out and high-priced loan repayments are, now, a disaster for the general public. 2. Financial Institutions gauge the public with insurmountable fees. 3.Thousands of dollars will be paid by the consumer for churning the salary into cash. 4.Responsible consumer...

Implications: 1.Global Financial Markets - provision of risk management and corporate services by way of research. 2.Adequacy of data is imperative. 3.Appeal appears to be to benefits derived from a broadre market trend. 4.The PRIMARY focus - Corporate Governance Practices. A value - added proposition....

Implications: 1.Major thrust in building customer membership. 2.It is expected that the service will provide real-time savings and credit card information. 3.Security of access is a major challenge. 4.The development of a financial platform for delivery of payment services. 5.Customerization will be...