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News: IRA Launches Bank Stress Test Beta Program September 7, 2011 Institutional Risk Analytics has announced a Beta test program for its new suite of bank stress testing tools. We offer interested institutions the opportunity to use some of our most powerful tools and work with us to explore the real-world requirements of bank stress testing in a Beta program starting in Q4 2011 through Q1 2012.
"By scaling our pricing to the size and complexity of the institution, we enable stress testing analytics not just for over $10 billion institutions in the regulatory guidance, but for every banking institution in the US," notes IRA CEO Dennis Santiago. "Our objective is to reduce the data and technical cost of continuous bank stress testing to a manageable level for all banks, large and small."
The participants in the IRA bank stress test Beta program will have access to all of IRA's stress ratings, plus interactive test modules that allow each bank to build narrative stress simulations using regulatory data. Current Operations testing, Balance Sheet Cap-ALM modeling and Portfolio Allocation testing are supported on an interactive basis in tools based on the professional version of The IRA Bank Monitor.
For more information including a detailed description of the Beta program offering, please contact our CEO Dennis Santiago or our sales team at the IRA main office in Torrance, CA, at (310) 676-3300 or email us at info@institutionalriskanalytics.com
About Institutional Risk Analytics
Institutional Risk Analytics (www.institutionalriskanalytics.com) is a provider of bank ratings, custom analytics and consulting services for credit officers, auditors, corporate lenders, regulators, investment managers and other decision makers. IRA publishes standardized benchmarks, ratings and soundness metrics covering both U.S. banking institutions and corporate obligors.
CONTACT:
Institutional Risk AnalyticsDennis Santiago (310) 676-3300 info@institutionalriskanalytics.com Is Housing Ready for a Rebound? IRA Participates in GIC Conference at Drexel University
"Is Housing Ready for a Rebound? QE2, Housing and Foreclosures: Are they Related?"
8:00AM - 8:15AM - Welcoming Remarks:
8:15AM - 9:20AM - Session I: Panel Discussion and Audience Q & A
* Josh Rosner of Graham Fisher & Co. Co-Author of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon Moderator: Gretchen Morgensen, Assistant Business and Financial Editor of The New York Times . Co-author of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon The speakers above will be available for a book signing during the break. 9:20AM - 9:50AM - Session II: "Outlook for Housing Recovery" Followed by Audience Q&A
* David Berson of PMI 9:50AM - 10:25AM - Special Remarks, Charles Plosser, President, Federal Reserve Bank of Philadelphia Keynote Speaker: Tom Hoenig, President, Federal Reserve Bank of Kansas City Moderator: Paul McCulley, Chairman, GIC Society of Fellows 10:25AM - 10:45AM - Coffee Break and Book Signing 10:45AM - 11:25AM - Session III: "What Does QE Mean for U.S. Housing?" Followed by Audience Q & A
* Maria Pia Olivero, Dept of Economics, LeBow College of Business 11:25AM - 12:10PM - Session IV: "GSEs: What To Do and How to Do It." Followed by Audience Q & A
* William Poole, Former President of the Federal Reserve Bank of St. Louis 12:10PM - 12:20PM - Summary and closing by Bill Dunkelberg, Chair, GIC May 24, 2011
7:30AM - 12:30PM Registration: $50 - Members · $100 - Non-Members and includes a one-year membership Registration Available Online: http://www.interdependence.org/Event-05-24-11.php CreditRiskMonitor to License Counterparty Quality Scores From Institutional Risk Analytics May 1, 2011 VALLEY COTTAGE, N.Y. and TORRANCE, Calif., May 1, 2011 /PRNewswire/ -- CreditRiskMonitor (Pink Sheets: CRMZ) and Institutional Risk Analytics ("IRA") announced today a licensing agreement that will provide all CreditRiskMonitor subscribers access to the new IRA Counterparty Quality Scores ("CQ Scores"). The CQ Scores are designed to give depositors and other bank counterparties warning of possible failure. Click here to see press release on PR newswire.
The CQ Scores are part of IRA's Bank Monitor ratings and analytics system and were specifically developed to complement corporate ratings tools such as CRMZ's proven FRISK® scores. "Our bank stress letter ratings are designed for consumers," notes IRA CEO Dennis Santiago, who leads the design of IRA's ratings and analytics products. "We developed the CQ Scores with the team at CRMZ specifically to meet the needs of corporate treasurers, underwriters and risk managers who need to make decisions on commercial credit."
CreditRiskMonitor subscribers will now have access to CQ Scores for about 7,000 FDIC insured banks and 5,000 bank holding companies. The addition of the new CQ Scores to the over 25,000 FRISK® score ratings already available on public companies world-wide represents a significant increase in predictive-score coverage available on the CreditRiskMonitor service.
"The CQ Score is an exciting addition to our credit analysis service, for subscribers who want to quickly evaluate and monitor their cash management and letter-of-credit banking relationships," said Jerry Flum, CEO of CreditRiskMonitor. "We did a complete due diligence review of the CQ Score over a whole business cycle, and are very impressed with its ability to identify those banks most likely to be 'resolved' by banking regulators. The CQ Score is an efficient first step in a review process for bank counterparties. Plus, as has been our practice, we have added this exciting new capability to our service at no additional charge to subscribers.
The CQ Scores cover nearly all public and privately held banks, savings and loan institutions, and bank holding companies in the U.S. The CQ Scores are generated by a proprietary model designed by IRA to rank banks according to the likelihood of failure, being 'resolved' by the bank regulators. Data used in the model are derived entirely from objective fundamental data that banks are required to file with the FDIC.
"We believe that the U.S. banking industry is now in a new period of crisis," notes IRA co-founder and Managing Director Christopher Whalen, who recently issued a report downgrading the outlook on operating results for the U.S. banking sector. "We expect foreclosures to peak in 2011, and a continued wave of bank failures during 2011 and 2012."
Whalen, who runs IRA's advisory practice and is author of the book "Inflated: How Money and Debt Built the American Dream" adds, "Some banks have recapitalized successfully, but most have not. Smart CFOs and Treasurers will keep a watchful eye on their banking counterparties, especially this year and next, and doing this via CreditRiskMonitor is an excellent value."
Because of its unique approach to collecting and analyzing quarterly FDIC bank data, IRA is able to reduce the traditional 60-day+ delay and deliver a CQ Score as little as 30 days after the quarter end. The CQ Score utilizes a simple ratings scale from 1 to 8, with the highest number being the top (least risky) rating score.
"More recently," notes Flum, "we looked at every bank failure in the past 12 months, and we saw that nearly all of the failed banks had low CQ Scores for at least two quarters before being 'resolved.' At the same time, we found that CQ Scores in the risky 1 to 4 range are unusual, shown for only a small fraction of banks. We feel confident that the CQ Scores are going to be a great value for CRMZ customers. As the U.S. banking system works its way through the next couple of years of necessary consolidation and renewal, we want to help our users maximize business opportunities and avoid risk."
About CreditRiskMonitor
CreditRiskMonitor (www.crmz.com) is an Internet-based publisher of financial information, designed to save time for busy corporate credit professionals that competes with Dun & Bradstreet, Equifax and Experian.
About Institutional Risk Analytics
Institutional Risk Analytics (www.institutionalriskanalytics.com) is a provider of bank ratings, custom analytics and consulting services for credit officers, auditors, corporate lenders, regulators, investment managers and other decision makers. IRA publishes standardized benchmarks, ratings and soundness metrics covering both U.S. banking institutions and corporate obligors.
Safe Harbor Statement
Certain statements in this press release, including statements prefaced by the words "anticipates", "estimates", "believes", "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, expectations or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, those risks, uncertainties and factors referenced from time to time as "risk factors" or otherwise in the Company's Registration Statements or Securities and Exchange Commission Reports. We disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.
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SOURCE CreditRiskMonitor
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IRA Adds Top 50 List Search Tool to Consumer Bank Monitor March 24, 2011
Institutional Risk Analytics has added a new feature to the consumer version of
The IRA Bank Monitor
to better serve the needs of retail users of our bank ratings. The consumer web portal is located at www.irabankratings .com. For easy subscription access to IRA's consumer bank ratings, please visit our retail portal at www.irabankratings.com IRA to Participate in Atlanta Fed Conference: 2011 Banking Industry Outlook February 21, 2011 IRA co-founder Christopher Whalen will participate in the "2011 Banking Industry Outlook" Conference on Thursday, February 24, 2011 at the Federal Reserve Bank of Atlanta. The conference is sponsored by the Federal Reserve Bank of Atlanta's Policy and Supervisory Studies Group. 2011 Banking Industry Outlook February 24, 2011 9 a.m.–4 p.m. Conference Location:
Agenda Industry Panel, including Brad Hunter, National Director of Consulting, Metrostudy, and Victor Calanog, Director of Research, Reis Inc. Industry Panel, including Christopher Whalen, Managing Director, Institutional Risk Analytics, and Jefferson Harralson, CFA,
Larry Lavender, Republican Staff Director for the Committee
Huston McKinney, CPA, Assistant Vice President of the Department of Institutional Risk Analytics is a provider of bank ratings, custom analytics and consulting services to financial professionals around the world. For additional information about IRA's products and services for professionals, please contact our HQ in Torrance, CA, during regular business hours at (310) 676-3300 or info@institutionalriskanalytics.com . For easy subscription access to IRA's consumer bank ratings, please visit our retail portal at www.irabankratings.com |
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