The global banking sector is reinventing itself after the 2007-2009 financial crisis--a process that Standard & Poor's Ratings Services believes will take at least a decade to complete. Today, four years into this transition, the industry has reached several critical inflection points: A potential shift in the power balance of global banking between banks in the developed markets of Western Europe and the U.S. on one side and the larger emerging countries in Asia and Latin America on the other; A developing regulatory backdrop, which may set the scene for a decline in revenues for traditional regulated banking and growth in volumes for shadow banking and disintermediation; and A change in the nature of government support for banks, which may...
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.