Fundamentals of Credit and Credit Analysis: Corporate Credit
Thought Leadership Webinar: In this back-to-the-basics webinar, our expert, Arnold Ziegel, former CitiBank executive, will discuss the importance of credit risk analysis. This discussion is based on his experience at Citi, who lost close to $100 billion in the process of underwriting Collateralized Mortgage Obligations (CMO’s). The underlying mortgages turned out to have huge credit losses and little value.
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Webinar Experts CRL Credits
Presented By:
Arnold Ziegel
Consultancy Matters, LLC
Mountain Mentors Associates
Date:
August 28, 2019
Time:
10:00 a.m. - 11:00 a.m. EDT
Session Length:
60 minutes
In August, 2007, Arnold Ziegel, the author of “Fundamentals of Credit and Credit Analysis” was told by the head of Citi’s corporate loan syndications activity that Citi was highly exposed to the failing residential loan market. He said that “it’s not a problem in the consumer bank, which wasn’t making sub prime residential mortgage loans, it’s a problem in the investment banking portfolio”. It subsequently turned out that Citi lost close to $100 billion in the process of underwriting Collateralized Mortgage Obligations (CMO’s). The underlying mortgages turned out to have huge credit losses and little value.
The financial crisis that began in 2007 had a primary underlying cause – flawed credit analysis.
The purpose of credit analysis is to establish the degree of risk that a credit obligation will be repaid in accordance with it terms. How this assessment is accomplished, cash flow forecasting and/or collateral valuation, is the art of credit analysis.
| About Our Expert |
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Arnold Ziegel retired as a Managing Director and Senior Credit Officer after a 33-year career at Citibank. His book, Fundamentals of Credit and Credit Analysis, is based upon his experience as a corporate banker and leader of credit risk training programs at Citi and other financial institutions.
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| Continued Risk Learning Credits: 1 |
PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
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Registration |
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Sustaining, Corporate, and RIM Members |
$ FREE |
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Contributing Member |
$ 35 |
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Non Member |
$ 75 |
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Online registration not available.