Singapore/Hong Kong, 9 December 2021 – Moody’s Analytics has won Best Solution in Credit Risk Modelling in the 4th Regulation Asia Awards for Excellence 2021 at an online ceremony on 9 December 2021.
Moody’s Analytics was recognised for its RiskCalc™ and CreditEdge™ solutions, which address wholesale market needs to optimise credit and financial risk practices through the end-to-end credit life cycle, incorporating counterparty risk assessment, risk-based pricing, stress testing, capital planning, and impairment calculations – among other capabilities. Its credit scoring models also help the industry better understand the implications of climate change and ESG considerations on credit risk.
The RiskCalc solution provides next-generation default and recovery analytics to help clients easily and effectively assess the credit risk of private firms, commercial banks, project finance projects, and insurance companies. The models generate a forward-looking and highly predictive measures of credit risk by combining financial statement and equity market information. This is powered by the Moody’s Analytics Data Alliance, one of the largest credit data consortia in the world, offering more than 114 million financial statements, commercial real estate balances, and project finance loans.
The CreditEdge platform helps measure credit risk for 40,000+ public entities globally, leveraging highly sophisticated modelling and analytics to enable greater accuracy and consistency in risk management. The platform’s flagship measure is the EDF, a forward-looking PD measure with a term structure up to the complete expected lifetime of an exposure. Backed by a database of more than 11,700 defaults going back 50 years, CreditEdge combines financial statement and market information into a predictive measurement of standalone credit risk.
“Moody’s Analytics provides a comprehensive offering for modelling credit risk, leveraging a massive consortium of data,” said a judge on the awards panel. “The offering is well established in terms of market use, while also being flexible, adaptable, and forward looking, such as through its coverage of Covid-related, ESG, and climate risks. Moody’s Analytics also has an impressive line-up of recent and upcoming enhancements. The initiative to use AI techniques to automatically identify adverse credit signals in the news is particularly exciting.”
Moody’s Analytics is currently investing in the next generation of predictive analytics to help clients prepare for what it calls the “next normal” enabling them to make better and faster decisions. In 2022, a single platform will be used to access public and private exposures, scorecards and models, providing expanded coverage of 400 million public and private firms. This initiative will also bring the introduction of new measures of credit risk, and the development of more advanced climate risk modelling and analytics tools.
About the Regulation Asia Awards for Excellence 2021
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help to ensure the highest standards for regulatory compliance are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2021 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.