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Moody’s to establish standard for quantifying cyber risk

Moody’s Corp. is working to establish a global standard for quantifying and assessing cyber risk for financial institutions. Through a joint venture with think-tank Team8, Moody’s will develop technology tools and methods to measure and analyze cyber risks facing lenders. Derek Vadala, global head of cyber risk for Moody’s, was named chief executive of the […]

Where’s the Significant Erosion in Underwriting Standards?

Today’s uneven auto finance credit performance is wholly acceptable, as long as the underlying underwriting is not being eroded, as it was in the mortgage industry in the time leading up to the credit crisis. There simply is no evidence of systemically significant erosion in underwriting standards in auto finance — despite The New York […]

IPO Underwriters Increase Take Of Ally Stock

Underwriters on Ally Financial Inc.’s initial public offering have elected to partially exercise the over-allotment option to buy an additional 7.2 million shares of Ally common stock at the $25 IPO price from the U.S. Treasury Department. The deal, expected to close May 14, would leave Treasury with 16% of Ally’s common stock and would net […]