Credit-risk management becomes increasingly important

11/12/2012 | (subscription required)

Suspect credit agency ratings and the likelihood of a sovereign-debt default in the eurozone have elevated the importance of credit-risk management. "People assumed that certain organizations that got into trouble would never get into trouble. ... The process of credit-risk management has become far more important, rigorous and demanding," Royal London Asset Management Chief Investment Officer Robert Talbut said. Consequently, insurers and asset managers can no longer rely solely on a quantitative approach.

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