Focus on Finance

Banks, Insurance and Asset Management
Listen on
Listen on:

Moody's Talks - Focus on Finance


Season
Episode
34
/
October 20, 2021

Cyber insurance: as losses rise, the industry ponders uninsurable risks

Cybercrime has driven up demand for cyber insurance. But losses are on the rise, too, and some cyber events are uninsurable. How are insurers responding to higher losses, and what can be done about the kinds of risks that are too big for private insurers to cover? Plus, sales of alternative fuel vehicles worldwide are accelerating. What does it mean for the credit quality of auto finance captives, the companies that finance loans and leases on behalf of automakers?
View Episode Notes »
Season
Episode
33
/
October 13, 2021

What opportunities for growth beckon for financial institutions as they embark on decarbonization?

Ahead of the COP 26 conference in Glasgow, analysts Lev Dorf, Brandan Holmes and Vanessa Robert explain why banks, insurance companies and asset managers are under pressure to reduce exposure to carbon-intensive industries. Indeed Moody's has estimated that G20 financial institutions are exposed to carbon transition risk to the tune of $22 trillion. However, financial institutions will need to play a vital role in financing the shift to net zero, and in this episode our team discuss what new areas of economic growth are emerging.
View Episode Notes »
Season
Episode
32
/
October 6, 2021

Biggest banks emerge stronger from pandemic and ready to face heightened competition

Peter Nerby, Olivier Panis and Shunsaku Sato explain how global systemically important banks are faring as the pandemic starts to recede. Dean Ungar discusses the implications for US health insurers should the Medicare hospital insurance trust fund run out of money. And David Yin tells us how a recent cryptocurrency ban in China is positive for financial institutions.
View Episode Notes »
Season
Episode
31
/
September 22, 2021

Digital financial landscape threatens banks’ role as intermediaries

Stephen Tu, Melina Skouridou and Farooq Khan explain how four forces reshaping finance will likely reduce banks’ revenue from core activities and undermine their role as financial intermediaries. Plus, Alka Anbarasu explains why India’s banks will weather the stress from a COVID-19 resurgence, and Jasper Cooper gives an update on insured hurricane losses in the US.
View Episode Notes »
Season
Episode
30
/
September 15, 2021

Decrypting Coinbase: financial strength supports credit in emerging, uncertain sector

Analyst Fadi Massih discusses the credit strengths and weaknesses of the crypto asset exchange.
View Episode Notes »
Season
Episode
29
/
September 8, 2021

Reinsurance outlook is back to stable; fintech adoption jolts Korea’s insurers

The insurance group’s Helena Kinglsey-Tomkins explains what’s driving the global reinsurance outlook shift to stable from negative. Plus, Young Kim tells us how evolving technology and rising fintech competition are transforming Korea’s insurance business.
View Episode Notes »
Season
Episode
28
/
August 25, 2021

COVID-19 resurgence raises asset risks for Southeast Asian and Indian banks

As infections rise and overall vaccination rates remain low in Southeast Asian nations and India, loan performance will weaken as economic recoveries stall, although the effects will vary by country. However, government support and strong loss-absorbing buffers will support banks’ credit strength.
View Episode Notes »
Season
Episode
27
/
August 11, 2021

Korea’s Kakao Bank demonstrates Big Tech’s potential threat to incumbent lenders

Tae Jong Ok looks at Kakao Bank’s rapid rise from its social media origins to one of Korea’s biggest retail lenders. Plus, Christian Badorff and Melina Skouridou talk about the insurance impact of recent heavy floods in Germany, and the European Central Bank’s plan to pilot a digital euro.
View Episode Notes »
Season
Episode
26
/
July 28, 2021

Transformation of US health insurers brings greater revenue, higher leverage

Dean Ungar diagnoses the causes of US health insurers’ evolution over the past decade, and discusses the benefits and risks for the sector’s credit strength. Plus, Guy Combot and Atsi Sheth talk about recent changes in Italian bank governance and the broader credit implications of increased gender diversity.
View Episode Notes »
Season
Episode
25
/
July 14, 2021

Stablecoins multiply, adding competition in financial services

Rajeev Bamra and Steve Tu speak with Carolyn Henson about why stablecoin growth has put traditional financial institutions and bank regulators on the defensive. Meanwhile, David Fanger explains why large US banks will be able to distribute more to shareholders this year, and Marina Cremonese discusses money market funds’ readiness for the transition away from LIBOR.
View Episode Notes »
Season
Episode
24
/
June 30, 2021

Inflation’s return is a net positive for global banks, US life insurers

Madhavi Bokil, Alexios Philippides and Laura Bazer explain how banks’ profit margins and US life insurers’ portfolio yields will benefit from rising inflation and a steeper yield curve in several advanced economies. Plus, Joe Pucella discusses the outlook for US commercial real estate lenders and Neal Epstein talks about Federal Reserve actions that helped money market funds stave off the risk of negative yields.
View Episode Notes »
Season
Episode
23
/
June 16, 2021

Industry outlooks for global insurance and asset management return to stable in strengthening economy

Manoj Jethani, Laura Bazer and Rory Callagy discuss the reasons for returning the outlooks for global and US life insurance and global asset management to stable from negative. Plus, James Eck updates us on Puerto Rico’s debt settlements.
View Episode Notes »
Season
Episode
22
/
June 2, 2021

Climate change casts a cloud on bank asset quality and financial strength

Alberto Postigo and Alka Anbarasu discuss the threat of climate change to banks’ asset quality. Plus, Megan Fox and Steve Tu talk about the effects on banks and asset managers of the Biden administration’s new executive order on climate-related financial risk, and Sid Ghosh tells us whether businesses around the world can get insurance coverage for disrupted operations during the pandemic.
View Episode Notes »
Season
Episode
21
/
May 19, 2021

Regulators again try to rein in money market funds’ systemic risks

Vanessa Robert and Marina Cremonese of the Funds and Asset Management team discuss new money market fund regulations proposed in the US and EU after a material flight to quality shook short-term credit markets last year. Plus, Svetlana Pavolva of the Banking team explains the significant social risks facing banks in Commonwealth of Independent States countries.
View Episode Notes »
Season
Episode
20
/
May 5, 2021

Inflation rattles emerging markets finance; government support slips for petro state banks

Gersan Zurita of the Credit Strategy and Research team and Semyon Isakov of the Banking team discuss rising inflation in some key emerging markets. Plus, Felipe Carvallo and Mik Kabeya of the Banking team talk about slipping government support for banks in economies that are heavily dependent on oil.
View Episode Notes »
Season
Episode
19
/
April 21, 2021

US life insurance industry transforms itself through M&A

Bob Garofalo and Laura Bazer of the Insurance team explain the drivers behind all the M&A transactions in the life insurance industry, and what they mean for credit when the buyers are private-equity firms. Plus, Donald Robertson of the Banking team and Jasper Cooper of the Insurance team answer questions about Archegos and the recent cyber attack on insurer CNA.
View Episode Notes »
Season
Episode
18
/
April 7, 2021

Asset managers find new frontiers for growth; African banks’ environmental risk rises

Fresh off the Asset Management team’s virtual conference, Rory Callagy highlights how asset managers are finding growth – sometimes through acquisitions – in ESG, alternative investments and software solutions. Plus Antonello Aquino of the Banking team discusses the growing environmental risks African banks confront.
View Episode Notes »
Season
Episode
17
/
March 31, 2021

Outlook for many banking sectors across the globe turns stable as economies start to recover

In a special episode of our Focus on Finance podcast series, Stephen Long, Louise Lundberg and Eugene Tarzimanov of the Banking team join host Carolyn Henson to discuss the prospects for banks around the globe as government economic support measures start to unwind and banks brace for a substantial rise in loan defaults. Many economies are set to rebound this year but banks must factor in continuing uncertainty over the future course of the pandemic.
View Episode Notes »
Season
Episode
16
/
March 24, 2021

Cybersecurity is strongest at larger financial institutions and those with good cyber communication

With cyber risk on the rise, Lesley Ritter of the Cyber Risk team and Megan Fox, Michael Dion and Rokhaya Cisse of the Financial Institutions team discuss our survey and findings on banks’, insurers’ and asset managers’ preparedness for a cyberattack.
View Episode Notes »
Season
Episode
15
/
March 10, 2021

Financial regulators sharpen climate risk focus, asset managers see ESG investments bloom

Brandan Holmes of the Insurance team and James Leaton of the ESG team discuss why global regulators are zeroing in on financial sector climate risks. Plus, the Asset Management team’s Steve Tu talks about how and why US ESG investments are surging in popularity, and Francisco Uriostegui discusses the benefits and challenges for Mexican pension funds of incorporating ESG screening into investment decisions.
View Episode Notes »
Season
Episode
14
/
February 24, 2021

Pivotal changes lie ahead for US financial market infrastructure, German and Indian banks

Donald Robertson and Fadi Massih of the Securities and Exchanges team size up the implications that the recent social media-powered short squeeze has for US retail brokers, market makers, clearinghouses and exchanges. Plus, Swen Metzler spotlights German banks’ pressing need to rein in costs, and Alka Anbarasu tells us which Indian banks will win the race to go digital.
View Episode Notes »
Season
Episode
13
/
February 10, 2021

Developed world demographic trends threaten financial firms’ revenue growth

A dwindling number of workers in developed economies will support a growing share of retirees, and growth and profitability are declining for banks, insurers and asset managers. Young Kim of the Insurance team and Tomoya Suzuki of the Banking team examine how South Korea’s insurers and Japan’s regional banks are turning demographics into opportunities, while Dean Ungar of the Asset Management team zeroes in on US asset managers’ future.
View Episode Notes »
Season
Episode
12
/
January 27, 2021

As China opens markets, foreign securities, asset management firms seek rewards

Lan Wang of the Banking team and Lillian Li of the Credit Strategy & Research team discuss why China’s move to open up its domestic financial markets to foreign securities firms potentially benefits all parties, despite operational hurdles. Plus, Marina Cremonese of the Asset Management team joins Lan to talk about the future for asset managers seeking to grow their businesses in China.
View Episode Notes »
Season
Episode
11
/
January 13, 2021

Outlook stable for global investment banks, negative for most global finance companies

Donald Robertson and Ana Arsov of the Banking team explain how the lessons global investment banks learned from the financial crisis better prepared them to withstand coronavirus stresses, and how strong capital markets revenue buffered the large loan-loss provisions they booked during 2020. Plus, Mark Wasden and Bruno Baretta of the Banking team explore how coronavirus effects are driving the negative outlook for most global finance companies.
View Episode Notes »
Season
Episode
10
/
December 16, 2020

Outlook negative for global banks, life insurance, reinsurance; stable for P&C insurance

Laura Bazer and Dominic Simpson of the Insurance team and Greg Bauer and Sophia Lee of the Banking team discuss how a fragile economic recovery, low interest rates and uncertainty about renewal of government support measures are among the drivers of negative outlooks for global banks, life insurers and reinsurers. P&C insurers will benefit in the difficult operating environment from lower auto claims, strong capital, and the mandatory nature of certain products.
View Episode Notes »
Season
Episode
9
/
December 2, 2020

Pandemic drives negative outlook for global asset managers, emerging markets financial institutions

Rokhaya Cisse and Marina Cremonese of the Asset Management team explore why the pandemic fallout has dimmed revenue prospects and made growth harder for asset managers. Plus, Celina Vansetti-Hutchins looks at how a difficult operating environment and elevated asset risk are driving our negative outlook for financial institutions in emerging markets.​​​
View Episode Notes »
Season
Episode
8
/
November 18, 2020

Coronavirus-driven economic shock weakens insurance and bank assets

Edoardo Calandro, David Fanger and Daniel Yu of the Banking team zero in on the COVID-19 pandemic’s effects on bank loans in the UK, US and Australia. Plus, Shachar Gonen of the Insurance team and Keith Banhazl of the Structured Finance team look at how much the slowdown in commercial real estate will weaken US life insurers’ CMBS holdings.​
View Episode Notes »
Season
Episode
7
/
November 4, 2020

Digital disruption opens emerging markets opportunity for banks, sparks competition in developed economies

Banks will benefit from an increased customer base as accelerated digitalization makes financial services available to unbanked populations in emerging markets. But traditional banks face competition as big tech firms impinge on payment services and central banks explore creating their own digital currencies as a defensive move.​​​​​​​
View Episode Notes »
Season
Episode
6
/
October 21, 2020

Policy shift risks transforming US health insurers; global insurers gird for climate risk

​​Stefan Kahandaliyanage of the Insurance team lays out the risks US health insurers face from a policy drive toward a public insurance option. Plus, Simon Ainsworth and James Eck of the Insurance team discuss the latest developments in global insurers’ efforts to assess and manage climate risk. ​​​​​
View Episode Notes »
Season
Episode
5
/
October 7, 2020

Banks’ battle with low rates goes global; financial institutions prepare to leave Libor

As policy rates continue to decline globally, Banking team member Laurie Mayers examines the effect on UK banks, while Shunsaku Sato does so for Japanese banks and Farooq Khan for Brazilian banks. Plus, Olivier Panis of the Banking team and Stefan Kahandaliyanage of the Asset Management team update financial institutions’ readiness for the transition away from Libor in 2021.​​​
View Episode Notes »
Season
Episode
4
/
September 23, 2020

Large global banks prepared to weather pandemic; Latin American banks’ asset quality at risk

Peter Nerby and Michael Rohr of the Banking team discuss how global systemically important banks entered the coronavirus crisis with healthier balance sheets, capital and liquidity than before the last global downturn. Plus, Ceres Lisboa explains how Latin American banks risk a sharp deterioration in asset quality as payment deferrals and government aid lapse.​
View Episode Notes »
Season
Episode
3
/
September 9, 2020

Coronavirus shock turns reinsurance outlook negative and accelerates life insurers digital transformation

From our Insurance team, James Eck explains why threats to profitability turned the outlook on global reinsurers negative, and Laura Bazer tells us how the coronavirus shock jolted global life insurers into a new, more digital future.
View Episode Notes »
Season
Episode
2
/
August 26, 2020

Coronavirus turns up heat on European insurers and India’s public-sector banks

Antonello Aquino from the Insurance team explains why European insurers are giving back premiums now and might have to cover more claims later because of the pandemic. Plus, Banking team analyst Alka Anbarasu details the government support India’s public-sector banks will need to maintain capital strength as credit costs rise in COVID-19’s wake.​​​
View Episode Notes »
Season
Episode
1
/
August 12, 2020

Pandemic amps up banks’ cyber risk, jolts money fund markets

Alessandro Roccati from the banking team explains how coronavirus-driven demand for contactless digital financial services, along with remote work, are raising the cyber threat to banks. Plus, Steve Tu of the asset management team looks at how the latest US government intervention in money markets could signal an eventual phaseout of institutional prime funds.
View Episode Notes »
‹ BACK TO PODCASTS HOME