Is credit risk back?

Summary

We are excited to launch the new chapter Credit Risk. To provide a cohesive narrative for our new chapter, we will weave together the topics of our first events into a multi-episode story. The first event of the series is “Is credit risk back?”

After a decade of close to zero credit defaults, sharp increases in interest rates over the past couple of years have resulted in an increase in debt burdens, reduced real estate valuations and questions about market liquidity. Yet the global economy has so far avoided recession with the US economy notably strong. Have we avoided a default cycle on this occasion or is it simply delayed? What are the transmission mechanics of the current economic cycle that could potentially fire up defaults?

Presenters

• Daniel Murray – Deputy CIO and Global Head of Research at EFG
  Daniel has broad investment experience, having worked as an economist, strategist, asset allocator and portfolio manager with exposure to a wide range of markets, instruments and investment styles. Daniel has a PhD in Economics and has been a CFA charter holder since 2003. He is a previous winner of the CFA UK Wincott Prize and is a former Chairman of the Board of CFA UK. He is also on the Editorial Advisory Board of the Commodity Insights Digest (CID) sponsored by Bayes Business School.
• Rene Foertsch, DACH Credit Market Specialist at Bloomberg LP
  Rene is a 18yr Bloomberg “veteran”, over his career always focussed on the DACH Fixed Income markets. With Risk and Valuation topics as a main area of interest, he had in recent years been part of the Bloomberg Risk System (MARS) Sales force before joining Bloomberg’s Market Specialists group. Rene is a CFA charter holder and holds Master Degrees in Macro-Economics and Mathematical Finance.

Introduction by Enrico Piotto, Board Member Swiss Risk Association and CRO and member of the Executive Board at EFG Bank.

Agenda

17:45 Doors open – Name Tag Collection
18:00 Welcome & Introduction (Enrico Piotto)
18:05 Defaults and the Cycle (Daniel Murray)
18:50 Market View: European Credit Markets YTD & into 2025 (Rene Foertsch)
19:10 Q&A (All)
19:20 Networking Drinks (All)
20:30 End

Chapter Event

This Chapter Event is available to members and free. We will be presenting one or more speakers to share their knowledge, updates and best practices on a specific risk topic. Within the small groups of risk professionals you can exchange thoughts and test ideas. This event is hosted by chapter Credit Risk.