Monthly Archives: September 2013

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Moody’s Asia Pacific Weekly
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Moody’s Weekly Credit Outlook
Weekly publication providing breaking credit developments in the corporate, financial and structured sectors. Go here to subscribe.

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Moody’s Structured Finance Quick Check
Weekly global summary of structured finance credit, ratings and methodologies. Go here to subscribe.- See more at: http://www.asifma.org/research/moodys/#sthash.uyl4YzAD.dpuf

Video coverage (Part 2) – Panel Discussion on “Knowledge & Skills expected from a Credit Research Professional” – September 17, 2013

Panel Discussion coverage organized during the launch of Certified Credit Research Certification (CCRA) certification program in Mumbai on September 17, 2013.

The Panelists included:

Mr. Biharilal Deora ( Principal Advisor, Credit Research Programs- AIWMI) – Moderator
Mr. Rajesh Mokashi (DMD -CARE Ratings)
Mr. G D Banga (GM Risk Management – SBI)
Mr. Vaibhav Karkhanis (Head – Credit KPO, JP Morgan)
Mr. Dinesh Balachandran (Research, SBI Mutual Fund)

Video coverage (Part 1) – Panel Discussion on “Knowledge & Skills expected from a Credit Research Professional” – September 17, 2013

http://www.youtube.com/watch?v=hRQl_QGC0Ng

The complete panel discussion coverage organized during the launch of Certified Credit Research Certification (CCRA) certification program in Mumbai on September 17, 2013.

The Panelists included:
Mr. Biharilal Deora ( Principal Advisor, Credit Research Programs- AIWMI) – Moderator
Mr. Rajesh Mokashi (DMD -CARE Ratings)
Mr. G D Banga (GM Risk Management – SBI)
Mr. Vaibhav Karkhanis (Head – Credit KPO, JP Morgan)
Mr. Dinesh Balachandran (Research, SBI Mutual Fund)

The Emerging Markets Weekly- EM’s Indian Summer – Barclays Sept 2013

In the Report :
We think that the acute phase of the EM sell-off may be over. We see value in those
countries with strong fundamentals that have seen sharp sell-offs over the past two
months, including Mexico, Malaysia, and Russia.

View Full report at http://www.btinvest.com.sg/system/assets/19441/Barclays_The_Emerging_Markets_Weekly_EMs_Indian_Summer.pdf

CARE Research : Analysis of RBI Credit policy, September 2013

In a surprise move, the RBI increased the repo rate by 25 bps and also eased the liquidity tightening measures invoked earlier in July. While the immediate impact will be straightening of the yield curve, it also signals that inflation targeting will remain a major objective of RBI.

While policy will be shaped by the inflation number as well as the Fed actions, we are still hopeful of a cut in interest rates of 25 bps in Q4 if inflation is under control (good harvest expected this time) and clarity obtained on Fed’s tapering programme.

Click below for the detailed analysis on the RBI Credit Policy.

Mid quarter Monetary Policy Review – September 2013

A case of broken BRICS ?

Brief:

” EM currencies, stocks and bonds have struggled since the Fed signalled its intent to change course in late May. This has seemingly triggered an exodus of speculative capital from emerging markets but, as is always the case, there is more to the story than that. EM countries (ex. China) no longer run a current account surplus with the rest of the world, and this hurts global liquidity. It is not yet a re-run of the 1997-98 Asian crisis, but it has the potential to become one with all sorts of consequences for bond yields in developed markets, currency wars, etc.”

Read full report at  http://www.arpinvestments.com/The_Absolute_Return_Letter_0913.pdf

Exclusive Invitation: Commodities Seminar Live Webcast 2013 – Today, 19th Sept 2013

S&P Dow Jones Indices invites you to this half-day complimentary seminar which has become Europe’s annual meeting point for commodity aficionados in less than a decade.

Join us and other leading industry professionals for an afternoon of education and networking opportunities. Take a front row seat to walk away with valuable insights into current trends and issues under the umbrella of who’s complaining, who’s hedging, who’s speculating, who’s to blame and finally, where do I go?

Our speakers will examine:

– What causes spikes in commodity prices and how regulation is impacting commodity investment in modern market times.

– Perspectives on what the speculators are doing versus who are the hedgers, and why the lines might not be so clear.
– What incidental factors are tipping the market and the limitations for producers and consumers?
– What’s driving the world’s demand economy today and where it might be heading.
– The latest techniques in managing commodity index exposures in potentially uncertain times.

Register at

http://mediazone.brighttalk.com/event/spindices/47951a40ef-7851-intro?elq=1cf93c9894d643d8980362046fbbae9d

http://mediazone.brighttalk.com/event/spindices/47951a40ef-7851-registration

Agenda http://mediazone.brighttalk.com/sitedata/7d04bbbe5494ae9d2f5a76aa1c00fa2f/download/13421_7th_Annual_SPDJI_Commodity_Seminar_Brochure_A4_091613-%20FINAL.pdf

Certified Credit Research Analyst (CCRA) Certification Launch- September 17, 2013.

AIWMI is launching an advanced certification program for Credit Research professionals – Certified Credit Research Analyst (CCRACM). The content for this prestigious program has been developed by CARE Ratings.

The CCRA launch ceremony is scheduled for September 17, 2013 between 4 pm to 6 pm at Dr. R H Patil Auditorium, National Stock Exchange (NSE), Bandra- Kurla Complex, Mumbai – 400051.

The topic of discussion during the launch is “Knowledge & Skills expected from Credit Research Professionals”

Confirmed Panelists include:

Mr. Rajesh Mokashi – Deputy MD, CARE Ratings

Mr. G D Banga- GM- Risk Management, State Bank of India

Mr. Vaibhav Karkhanis- Head (Credit KPO), J P Morgan

Mr.  Dinesh Balachandran – Credit Analysis, SBI Mutual Fund

Mr. Atul Joshi – CEO, India Ratings (confirmation awaited)

To register yourself, Click here.

SEBI issues Principles of Financial Market Infrastructures (PFMIs) – Includes Credit and Liquidity risk management

Apart from other principles it includes Credit and liquidity risk management which in turn includes Credit risk, Collateral and Liquidity risk. 

Full Report can be accessed at http://www.sebi.gov.in/cms/sebi_data/attachdocs/1378293615856.pdf

As CCRA Certificant, You will learn Financial statement analysis, Bond Maths, Credit analysis including credit risk, rating, collateral management and liquidity risk from a analyst perspective. You will also learn about credit rating, strategies along with credit enhancement techniques.

For more details please visit www.aiwmindia.com/ccra