GLG News by Rating Agency Experts

1) Financial services offered by FISERV are now more robust and provide portfolio management services to the industry 2) Most financial services companies MUST rely on the expertise of solution providers - FISERV serves this market well with the new addition of CheckFree

A clear understanding of this area of the law has become critical  because the risks from noncompliance can subject an entire entity, including upper management, to significant fines ($1 million per day/ per violation), criminal penalties and disgorgement of undue profits.  Many energy...

Blackstrone Group (BX) acquisition of Alliance Data (ADS)may be held up by the FDIC due to controversy over industrial loan companies?  Approval is likely to be delayed at least until the end of January.  It all hinges on whether Blackstone is viewed as a commercial or financial company.

Good news for Fannie Mae and Freddie Mac.  Fed Chairman Bernanke supports increasing the size of mortgage loans that these GSEs can buy, from $417,000 to $1 million.  Bernanke also wants the U.S. Government to back securities issued by the GSEs.  It could help the financial industry unload...

Recent suggestions that the ABX index is a poor proxy for AAA subprime RMBS fail to recognise its value.

1) The Internal Revenue Service has longed for complete voluntary compliance, in lieu of this... the bark of the IRS and their published bites of cheaters are all well too known. 2) Microsoft (and all other providers who desire a level of fair-play) must bark (threaten) any users who have tampered...

A good economy should be described in terms of sustainability To make a point in economics,  one needs measurements

Leveraged loan will cause more losses in case CLO market seizes further. Banks as CDS counterparty will have to recognize losses when swap writer face default. Funding for loans will be much more scarce.

1) Further follow-up is necessary to determine net-metrics involved to calculate the REDUCTION of large volume phsycial check printing and storage at the SERVER level 2) Although there is no doubt, the REDUCTION in workforce effort and carry cost of MANUAL printing has reduced and the image storage...

The mortgage industry can expect significant new regulatory restrictions as a result of the subprime melt down. These regulations and possible legislation will govern the mortgage industry and MBS long after the current subprime situation is resolved.  Companies that might feel the pinch in include...