Uncertainty, Resilience, Opportunity
2024 Credit Risk Forum | In-Person Event | Convene at One Liberty Plaza (165 Broadway) - New York
Registration for the event will close on Friday, April 12.
Agenda
11:30
- 12:00
EDT
Registration
12:00
- 12:45
EDT
Lunch and Networking
12:45
- 13:00
EDT
Welcome Remarks
13:00
- 14:00
EDT
Optimism Amidst Uncertainty
The U.S. economy is performing well, and economic prospects this year are good. Interest rates are set to decline, consumers remain stalwart spenders and businesses reluctant to lay off workers. Of course, there are serious threats to this optimism. The commercial real estate market continues to teeter, the financial system is fragile, and there is a lengthy list of geopolitical hotspots that threaten to boil over. And then there is the presidential election that will be close and likely contested.
14:00
- 14:45
EDT
How Much Risk Does CRE Exposure Pose to Banks?
Banks’ exposure to commercial real estate (CRE) has been a source of increasing concern. With office vacancy rates at an all-time high as people continue to work remotely, and with an estimated $1.5 trillion of CRE loans coming due by the end of 2025, how much risk does CRE pose to banks? Kevin Fagan joins us to talk about how risky CRE actually is, and Jill Cetina offers Moody’s Ratings’ point of view on how well banks might weather stress arising from CRE credit losses.
14:45
- 15:15
EDT
Networking Break & Discovery Stations
Stop by the Discovery Stations and meet with experts to learn more about our solutions.
Corporate Credit Risk: EDF-X applies Moody’s time-tested credit models with our robust data assets to reliably assess the financial resilience of any rated or unrated, public or private company globally with greater speed and accuracy. EDF-X Navigator, our GenAI conversational platform helps customers get more support and insights from EDF-X faster – a game changer for productivity.
Commercial Real Estate: Moody’s CRE Portfolio Assistant provides early warnings on portfolio assets tied to specific news events, tenant events, property performance changes and changes in market conditions. Customers can interact with their data to run ad-hoc scenarios, stress testing and benchmarking to better manage risk and uncover issues sooner.
Comprehensive Credit Analysis: Moody’s GenAI Research Assistant transforms credit analysis across rated, public, and private entities by synthesizing vast amounts of Moody's research, ratings, and key financial metrics available on CreditView within seconds. Quickly generate a comprehensive view of risk along with citations to the source documents for transparency.
Credit Underwriting & Loan Monitoring: Moody’s GenAI Credit Memo offers insightful narrative generation to assist in credit write ups, supercharging the underwriting process with automations. With our new CreditLens Loan Monitoring suite, discover how to stay ahead of emerging risks and gain efficiencies in requesting and collecting client required documents.
15:15
- 16:00
EDT
Credit Market Outlook: Resilience and Risk
While corporate defaults have risen in the face of sharply higher interest rates, tighter financing conditions, and economic uncertainty, credit has proven to be remarkably robust. Moody’s predicts that the default rate for non-investment grade issuers will fall from 5.7% to 3.9% over the next year. But are we really out of the woods? Atsi Sheth and David Hamilton discuss the factors shaping the outlook for corporate credit.
16:00
- 17:00
EDT
GenAI-Led Innovations in Credit
Moody’s century+ experience in understanding and explaining credit risk – encoded in its credit opinions – and its vast collections of data assets and models is helping it make significant strides in the application of GenAI to understanding financial and credit risk at scale. Ari Lehavi will walk us through how Moody’s is developing GenAI-powered risk intelligence solutions, lessons learned in the process, and how it will transform the practice of credit risk management.
17:00
EDT
Closing Remarks
17:05
- 17:30
EDT
Networking Reception
SPEAKERS
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign In
Please sign in to your account:
Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a co founder of the company Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial market sand public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.
Warren Kornfeld is a Senior Vice President in Moody’s Financial Institutions Group covering mortgage, credit card, student loan banks and finance companies as well as Government Sponsored Enterprises (FHLBanks, Farm Credit, Fannie and Freddie).
Prior to joining the Financial Institutions Group, Warren was a Managing Director for Structured Finance Administration overseeing key strategic initiatives and prior to that Warren co-headed the Residential Mortgage- Backed Securities (RMBS) team as well as headed up the U.S. Servicer Ratings team.
Warren joined Moody’s in 2001. Prior to Moody’s, Warren held senior investment banking positions with William Blair & Co., The Industrial Bank of Japan and Bickford & Partners focusing on a securitizations of a wide range of asset types, including residential mortgages, equipment lease, auto loan and lease, consumer assets and commercial receivables.
Warren holds a B.S. in Finance and Decision Sciences from the Wharton School of the University of Pennsylvania.
Matt Reidy, CFA is a Director of CRE Economics on the CRE Thought Leadership team at Moody’s Analytics. Matt is involved in research across CRE property types with expertise in the areas of real estate capital markets, multifamily, and affordable housing. Prior to joining Moody’s Analytics, Matt spent 17 years in various CRE Investment roles in the insurance industry, most recently as VP of Real Estate Investment Strategy, Risk Management & Analytics for a large midwestern life insurer. His years as a practitioner bring a unique, real world experienced viewpoint to the Thought Leadership team. Matt holds the Chartered Financial Analyst designation, an MBA from The Ohio State University, and a Bachelor’s in Accounting from University of Cincinnati.
Atsi Sheth is Managing Director and Global Head, Credit Strategy and Research.
Moody’s Credit Strategy & Research group includes global teams focused on Macroeconomic Research, Default & Ratings Analytics and Global Emerging Markets as well as regional credit strategy teams each focused on Asia-Pacific, the Americas, and EMEA.
Together these teams establish and articulate Moody’s house views on the trends that drive risk across countries, sectors and asset classes. They undertake in depth data driven analysis and leverage the expertise of ratings and research analysts across Moody’s to generate global, regional and sector insights on macro-economic, political, policy, technology and environmental, social and governance (ESG) risks.
In her capacity leading the group, Atsi also serves as a spokesperson on Moody’s analytic views, engaging with investors, the media and a wide range of public and private sector stakeholders.
Atsi is a long-time champion of Moody’s Diversity, Equity & Inclusion (DE&I) as well as our Corporate Social Responsibility (CSR) initiatives. She serves as co-chair of the CSR Thought Leadership & Solutions working group and the Senior Advisor to Moody’s Asian Leadership Initiative - a Multicultural Business Resource Group.
Prior to her current role, Atsi was Moody’s Chief Credit Officer for the Americas and before that Managing Director in Moody’s Sovereign Risk Group. She has also served as Chief Economist at Reliance Capital and taught courses on International Political Economy and Emerging Markets at Columbia University and Northwestern University. Atsi has a PhD from Northwestern University and a B.A. from Bombay University.
Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a co founder of the company Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial market sand public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.
Warren Kornfeld is a Senior Vice President in Moody’s Financial Institutions Group covering mortgage, credit card, student loan banks and finance companies as well as Government Sponsored Enterprises (FHLBanks, Farm Credit, Fannie and Freddie).
Prior to joining the Financial Institutions Group, Warren was a Managing Director for Structured Finance Administration overseeing key strategic initiatives and prior to that Warren co-headed the Residential Mortgage- Backed Securities (RMBS) team as well as headed up the U.S. Servicer Ratings team.
Warren joined Moody’s in 2001. Prior to Moody’s, Warren held senior investment banking positions with William Blair & Co., The Industrial Bank of Japan and Bickford & Partners focusing on a securitizations of a wide range of asset types, including residential mortgages, equipment lease, auto loan and lease, consumer assets and commercial receivables.
Warren holds a B.S. in Finance and Decision Sciences from the Wharton School of the University of Pennsylvania.
Matt Reidy, CFA is a Director of CRE Economics on the CRE Thought Leadership team at Moody’s Analytics. Matt is involved in research across CRE property types with expertise in the areas of real estate capital markets, multifamily, and affordable housing. Prior to joining Moody’s Analytics, Matt spent 17 years in various CRE Investment roles in the insurance industry, most recently as VP of Real Estate Investment Strategy, Risk Management & Analytics for a large midwestern life insurer. His years as a practitioner bring a unique, real world experienced viewpoint to the Thought Leadership team. Matt holds the Chartered Financial Analyst designation, an MBA from The Ohio State University, and a Bachelor’s in Accounting from University of Cincinnati.
Atsi Sheth is Managing Director and Global Head, Credit Strategy and Research.
Moody’s Credit Strategy & Research group includes global teams focused on Macroeconomic Research, Default & Ratings Analytics and Global Emerging Markets as well as regional credit strategy teams each focused on Asia-Pacific, the Americas, and EMEA.
Together these teams establish and articulate Moody’s house views on the trends that drive risk across countries, sectors and asset classes. They undertake in depth data driven analysis and leverage the expertise of ratings and research analysts across Moody’s to generate global, regional and sector insights on macro-economic, political, policy, technology and environmental, social and governance (ESG) risks.
In her capacity leading the group, Atsi also serves as a spokesperson on Moody’s analytic views, engaging with investors, the media and a wide range of public and private sector stakeholders.
Atsi is a long-time champion of Moody’s Diversity, Equity & Inclusion (DE&I) as well as our Corporate Social Responsibility (CSR) initiatives. She serves as co-chair of the CSR Thought Leadership & Solutions working group and the Senior Advisor to Moody’s Asian Leadership Initiative - a Multicultural Business Resource Group.
Prior to her current role, Atsi was Moody’s Chief Credit Officer for the Americas and before that Managing Director in Moody’s Sovereign Risk Group. She has also served as Chief Economist at Reliance Capital and taught courses on International Political Economy and Emerging Markets at Columbia University and Northwestern University. Atsi has a PhD from Northwestern University and a B.A. from Bombay University.