Recent rating actions on CRE focused US regional banks
Moody’s Ratings recently placed eight US regional banks on review for downgrade and affirmed the existing ratings of thirteen other regional banks, with varying outlooks.
This webinar will be hosted by members of Moody’s US regional banks’ team. The analysts will explain the key drivers of the rating actions, which were focused on those banks with the most substantial concentrations in commercial real estate (CRE) loans. The analysts will describe the ongoing asset quality and profitability pressures facing such banks, as higher-for-longer interest rates amplify the longstanding credit risks of CRE, especially during cycle downturns; and will explain why the ability and intent to build and retain capital and liquidity have become key lines of defense against these risks.
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SpeakersDonald Robertson Managing Director, Global Co-Head of Banking Moody's Ratings
Jeffrey Berg Associate Managing Director, North America Banking Moody's Ratings
Allen Tischler Senior Vice President, North America Banking Moody's Ratings
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Event Manager
If you have any questions about the event, please contact Emma Grant at Emma.Grant@moodys.com.
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Donald Robertson is a Managing Director & Global Co-Head of Banking, based in New York. In this role, he oversees the North American analytical teams covering banks, finance companies, and securities firms and coordinates the analysis of Global Investment Banks globally. As a senior leader in Moody’s Financial Institutions Group management team, his focus is on leading the US banking franchise and deepening analytical approaches and engagement. Donald is also focused on adapting processes, tools and work flows to address rapid digitalization.
Previously, Donald was a lead analyst for global investment banks, securities firms and market infrastructure firms. In this role he had direct responsibility for the ratings of a number of US and European banks, exchange operators, electronic market makers and clearing houses. Donald was the lead author of Moody’s rating methodologies for Securities Industry Market Makers and Securities Industry Service Providers, and played an integral role in their development and implementation.
Donald joined Moody’s in 2007 as an accounting specialist in Moody’s Enhanced Analytics Group. In this role, he developed and authored Moody’s cross-sector rating methodology for Financial Statement Adjustments in the Analysis of Financial Institutions and helped develop and implement Moody’s system for capturing, adjusting and analyzing banks’ financial reporting. Prior to joining Moody’s, Donald was a Director of Financial Audit at Siemens Corporation, responsible for leading a team conducting IFRS and US GAAP audits in the Americas’ region.
Donald started his career at PwC based in Glasgow, UK. In 1998, he transferred to the New York Metro region, and was an audit manager with a client base in the pharmaceutical industry. Donald is a CA and CPA (inactive) and holds an undergraduate degree from the University of Glasgow
Jeff is an Associate Managing Director overseeing the North American team covering US regional banks as well as Canadian banks. Jeff joined the banking team from Moody’s Credit Strategy & Standards where he focused most recently on Public Finance after a long period focused on Financial Institutions.
Jeff joined Moody’s in 2003 as the accounting specialist supporting the insurance sectors and was one of the founding members of Moody’s Accounting Specialists Group, whose role is to also publish research on complex reporting topics. In 2004, Jeff changed his primarily role to that of a fundamental credit analyst within the US property & casualty insurance team and over time transitioned to a Group Credit Officer supporting the Financial Institution Group before moving to his current role.
Prior to joining Moody’s, Jeff spent 12 years in public accounting, most recently with PricewaterhouseCoopers LLP where he was a Senior Manager in the Insurance Audit Practice in New York City. Jeff’s previous experience included a tour in the Accounting Consulting Services Group of PwC’s National Office. Jeff is a Certified Public Accountant and graduated magna cum laude from Skidmore College in New York.
Allen Tischler is a senior member of Moody’s North American Banking Team covering a broad portfolio of US regional banks and custody banks. He is also Moody’s lead analyst on the Federal Farm Credit Banks and a number of Federal Home Loan Banks.Allen joined the team in 1999 as an Associate Analyst.
Prior to joining Moody’s, Allen completed a Management Associate program with the Dun & Bradstreet Corporation.
Allen holds a B.A. degree from Michigan State University and an M.B.A. from the University of Chicago.