Moody’s prepares ground for new operational risk criteria

29 Apr 2010

Moody’s is about to launch a consultation on new ‘Aaa standards’ for operational risk in structured finance.

The new standards, which Moody’s will put forward in the next few weeks, address counterparty risk for servicers and cash managers. Moody’s told investors on Friday that it plans to require a back-up servicing agreement for deals with lower rated servicers in most jurisdictions and third or back-up ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial