How much of banks’ recent resilience is structural and how much is the rate cycle? In London, HSBC’s Group CFO and the Bank of England’s Executive Director for Prudential Policy set out how capital, rates, geopolitics and AI are reshaping bank credit. Two keynotes, framed by Moody’s Ratings analysts.
Two keynote conversations from the morning, in full and in chapters, each with a Moody’s Ratings analyst. Pam Kaur, Group CFO of HSBC, on resilience and the rate cycle; David Bailey of the Bank of England on how much capital banks should hold.
Pam Kaur
Group CFO, HSBC
Stephen Long
Managing Director, Global Co-Head of Banking, Moody's Ratings
David Bailey
Executive Director, Prudential Policy, Bank of England
Simon Ainsworth
Executive Director, Financial Institutions, Moody's Ratings
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Two keynote conversations from the morning, in full and in chapters, each with a Moody’s Ratings analyst. Pam Kaur, Group CFO of HSBC, on resilience and the rate cycle; David Bailey of the Bank of England on how much capital banks should hold.
“When you look at our ratings, they are ratings that embed that assumption that shocks are here to stay.”
Marie Diron
Managing Director, Global Sovereign Risk, Moody's Ratings
“Year to date we have a ratio of three to one upgrades to downgrades … it is that governments are better prepared.”
Marie Diron
Managing Director, Global Sovereign Risk, Moody's Ratings
“In five years time, governments are going to add nearly $40 trillion. That’s the entirety of the US government debt stock.”
Marie Diron
Managing Director, Global Sovereign Risk, Moody's Ratings
“Diversification per se is not necessarily credit positive … it doesn’t absorb any shock but creates complexity.”
Edoardo Calandro
Senior Vice President, Financial Institutions, Moody's Ratings
“The winners … will be able to grow their oversight capacity at the same pace in terms of volume but also complexity.”
Edoardo Calandro
Senior Vice President, Financial Institutions, Moody's Ratings
Two keynote conversations from the morning, in full and in chapters, each with a Moody’s Ratings analyst. Pam Kaur, Group CFO of HSBC, on resilience and the rate cycle; David Bailey of the Bank of England on how much capital banks should hold.
“Everyone has or is adopting AI, but very few are transforming. And the difference between the two is ultimately what is going to show up in credit quality.”
Charleyne Biondi
Vice President, Digital Economy, Moody's Ratings
“If you get 2% of algorithmic error, you have a regulatory file and potentially a regulatory fine.”
Charleyne Biondi
Vice President, Digital Economy, Moody's Ratings
“The counterparts of a bank is not going to be a banker. On the other side is going to be an LLM, it’s going to be a black box.”
Alessandro Roccati
Senior Vice President, Financial Institutions, Moody's Ratings
“Human attackers, they get tired, they have to sleep, they have to take breaks. Unfortunately, these agents, they can be much more persistent.”
Leroy Terrelonge
Senior Vice President, Cyber Credit Risk, Moody's Ratings
Two keynote conversations from the morning, in full and in chapters, each with a Moody’s Ratings analyst. Pam Kaur, Group CFO of HSBC, on resilience and the rate cycle; David Bailey of the Bank of England on how much capital banks should hold.
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