Tag: News
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After FINMA’s Greensill Ruling: Should Big Banks Rely Less on Rating Agencies and More on Internal Credit Research?
The collapse of Greensill Capital and the subsequent enforcement proceedings against Credit Suisse by the Swiss Financial Market Supervisory Authority (FINMA) offer a stark warning to the global banking sector. The comprehensive FINMA report, which details severe organizational failures and risk blind spots within Credit Suisse Asset Management (CSAM), raises a fundamental question: should large…
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Cyber Resilience, AI, and Growth: Shaping the Next Generation of Banking
The 20th annual conference of the Frankfurt School Forum brought together influential leaders, academics, and technology experts to explore the transformation of financial services in an era of unprecedented digital, geopolitical, and regulatory challenges. Under the banner “Next-Generation Financial Services 25: Cybersecurity, Threat Intelligence, Gen AI, Resilience,” the event highlighted critical success factors for resilient,…
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A Political Defeat That Might Turn into an Opportunity
At first glance, failing to clear the five-percent hurdle in the 2025 Bundestag election seems like a catastrophic defeat for the FDP. Having lost significant support as a junior partner in the previous traffic light coalition, the party could not recover from its downward trajectory. However, when considering the political and economic realities of the…
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In Memoriam: Prof. Dr. Horst Köhler (1943–2025)
The Scope Foundation mourns the loss of Prof. Dr. Horst Köhler, a distinguished member of its Honorary Board. His passing marks the end of a remarkable career, but his legacy will endure through the institutions and initiatives he helped shape.
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Moody’s Acquisition of CAPE Analytics: A Timely Response to Rising Climate Risks Amid California Wildfires
The announcement of Moody’s acquisition of CAPE Analytics comes at a highly relevant moment, as the devastating wildfires in California dominate media headlines and bring heightened awareness to the risks posed by natural disasters. This timely move underscores the growing importance of sophisticated risk analytics in addressing the escalating financial and environmental challenges associated with…
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Strong Debt Issuance Volumes Drive Higher Ratings Revenue Forecasts
The recent Goldman Sachs study highlights an impressive growth in global debt issuance volumes during the fourth quarter of 2024, which has significantly impacted ratings revenue forecasts for major players such as S&P Global (SPGI) and Moody’s Corporation (MCO). This development underscores the resilience of the financial markets and provides a promising outlook for 2025.…
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The Development of Scope Ratings’ Market Share 2024
Scope Ratings GmbH, a European credit rating agency (CRA), has shown a consistent, albeit modest, increase in market share over recent years. According to the 2024 CRA Market Share Report published by the European Securities and Markets Authority (ESMA), Scope Ratings’ market share grew to 1.83% according to the 2024 report, compared to 1.72% in…
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Angela Merkel’s Shortcomings During the Global Financial Crisis
Angela Merkel’s new book, “Freiheit: Erinnerungen 1954–2021”, offers an in-depth reflection on her life and 16-year tenure as Germany’s first female Chancellor. Co-written with her long-time advisor Beate Baumann, the memoir spans Merkel’s early years in East Germany, her rise in the unified German political landscape, and her navigation of major global crises, including the…
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Trump reloaded
According to the first official election results, Donald Trump is the clear winner of the 2024 presidential election. This means that the USA is facing an extremely critical turning point in its history. “Now the exact scenario that we have already predicted several times is occurring: America is on a direct path to autocracy,” says…
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Moody’s Reports Record-Breaking Third Quarter 2024 with Strong Revenue Growth and Raised Earnings Outlook
Moody’s Corporation delivered outstanding results for the third quarter of 2024, highlighting the company’s resilience and ability to capitalize on favorable market conditions. Revenue for the quarter surged by 23% compared to the same period in 2023, reaching an impressive $1.8 billion. This growth was driven largely by the stellar performance of Moody’s Investors Service…
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DekaBank Partners with Scope: A Long-Awaited Milestone for a Berlin Rating Agency
As Europe continues to push for financial sovereignty and the establishment of a strong Capital Markets Union, Scope’s ability to secure more high-profile European clients will be crucial. Deka’s decision to fully integrate Scope’s ratings is certainly a step in the right direction, but for a rating agency with 20 years of experience, this partnership…
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Moldova Receives ‘B+’ Rating with Stable Outlook from Fitch Ratings
Fitch Ratings has assigned the Republic of Moldova a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Stable Outlook. This rating highlights the country’s steady commitment to maintaining macroeconomic and financial stability through prudent fiscal policies, a credible inflation-targeting framework, and a flexible exchange rate regime. These factors, combined with a resilient banking…
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