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ARCHIVE | Criteria | Financial Institutions | Banks: Methodology For Assessing Government Asset Protection Schemes With Retained First-Loss Tranches In S&P's Capital Ratios Sep 09
Standard & Poors, Sep 2009
Abstract
1. Standard & Poor's Ratings Services is refining and adapting its methodology for assessing government asset protection schemes with retained first-loss tranches in our capital ratios. We are publishing this article to help market participants better understand our approach. This article is related to our criteria article 'Methodology For Assessing Features Of The U.K. Government Asset Protection Scheme In S&P's Capital Ratios,' which we published on Sept. 30, 2009. 2. Following the announcement of several risk transfer schemes by various governments, aimed at protecting the balance sheets of certain large systemically important banks, Standard & Poor's is clarifying how it treats such schemes for capital purposes under its risk-adjusted capital framework (RACF). This article addresses schemes in which banks retain...
Companies mentioned in this report are: Bank of Scotland PLC,The Royal Bank of Scotland PLC,Lloyds TSB Bank PLC,The Royal Bank of Scotland Group PLC,Ulster Bank Ltd.,UBS AG,Lloyds Banking Group PLC
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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