View more on these topics

IMA publishes guidelines on using credit ratings responsibly

The Investment Management Association has drawn up guidelines along with other industry bodies to address asset managers’ over-reliance on credit rating agencies.

The IMA together with the European Fund and Asset Managers Association and the European Securitisation Forum produced the guidelines on the responsible use of ratings for securitisation, structured finance and structured credit products.

IMA wholesale director Guy Sears says: “Our members manage other people’s money and act in their clients’ best interests.

“This means that when others rely on you, you should be able and willing to meet that expectation and not blindly follow what a credit rating agency might say.”


The crosby show

Last week saw bank rate reduced to 2 per cent, the lowest level since 1951, but despite this cut and the fact that the Libor rate has also dropped significantly, banks have been reluctant to lend significant amounts of money.

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


News and expert analysis straight to your inbox

Sign up


    Leave a comment