Credit Risk Thought Leaders Share Best Practices; Conference Attendance Grows by 35%
Moody's KMV today announced that it successfully concluded its second annual Credit Practitioner Conference. The 2006 conference brought together leading industry experts and market practitioners for a variety of panels and discussions regarding the current state and future of global credit risk management. More than 200 bank, insurance, corporation and investment management professionals attended the conference, held September 24 – 27 in San Francisco.
Andrew Huddart, President of Moody’s KMV, opened the conference by noting that credit practitioners are currently very focused on regulatory compliance and related data issues and, moving forward, what will represent “best practices” beyond Basel II. Mr. Huddart commented, “This is the primary global conference for credit practitioners. In the two days of intense discussion, the industry’s leading practitioners had numerous exchanges of ideas around the major issues affecting the world’s credit markets, such as the challenges of active portfolio management, the rise of credit derivatives and, on a practical level, better utilizing the vast amounts of data available to credit managers.”
The Gala Dinner keynote speech was presented by Thierry Porté, President and CEO, Shinsei Bank, who recounted, “In Shinsei Bank’s goal to be path breaking in how it achieves active credit portfolio management, we chose Moody’s KMV to provide direction and the model for best practices. As a different kind of Japanese bank, we found that Moody’s KMV provides the leading edge approach we were looking for to leap forward with our customers.”
On day two, David Waldman, Director of Fixed Income Quantitative Research, Putnam Investments, directed a plenary session on “Incorporating Fundamental and Quantitative Research into an Investment Process.” He observed, “The application of quantitative tools to measuring credit risk has increased exponentially in the recent past. This forum is a fundamental part of exchanging ideas and making progress toward consistent best practices and solutions.”
Other topics included credit risk product highlights and strategies, as well as breakout sessions lead by industry experts on current issues in the credit risk market such as:
• Qualifying for Advanced IRB: A Regulator's Perspective on Current Model Validation Requirements;
• An Asset Manager’s Approach to Assessing Credit Risk of a Portfolio;
• The Benefits of Corporations Using Quantitative Credit Measures During Syndications with Banks; and
• Basel II A-IRB Implementation Lessons-in-Progress: Commercial Credit Risk Data, Measurement and Technology Challenges and Insights.