The IACPM is a non-profit organization dedicated to advancing the practice of credit portfolio management.
After several quarters of improving forecasts sentiment turned negative in the latest survey of credit portfolio managers.
In a letter to the Bank for International Settlements (BIS) the IACPM voices concerns in regard to the additive effects of the December 2009 published capital and liquidity proposals ("Basel III") on the cost of corporate credit.
Despite the positive outlook for defaults, IACPM members have a mixed view of spreads, with some questioning whether spreads have overshot.
For the first time in two years the IACPM Quarterly Survey also predicts easing defaults.
The articles below provide information on developments, events and issues of importance to the Association and its members.