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Central Bank of Ireland Has Selected CRIF as Partner to Operate the Central Credit Register

The Central Bank of Ireland has selected CRIF SpA as its partner to establish and operate the Central Credit Register (CCR).  Contracts have been signed with CRIF Ireland Limited, a wholly owned subsidiary of CRIF SpA. ​The Central Credit Register (CCR) is a database of personal and credit information to be created by means of a national mandatory credit reporting ... Read More »

Arvato (Bertelsmann) Acquires Gothia Financial Group

The Bertelsmann subsidiary Arvato AG is acquiring Gothia Financial Group headquartered in Norway and thereby combining its financial services activities.  The combination with its subsidiary Arvato Infoscore as a nucleus makes Arvato Europe’s number 3 in the fast growing field of Business Information and Financial Services with a combined revenue of more than EUR 500 million.  Arvato and Herkules Capital, ... Read More »

Country Risk Climate: Ireland – Investor’s Confidence has Recovered, but Doubts Remain

BIIA member Atradius has published a country risk report on Ireland: GDP will grow by more than 1% in 2013 after 0.5% in 2012, driven by net exports Public finances remain under strain Investors´ confidence has recovered, but doubts remain Overall business picture remains gloomy, but agri-food and chemicals perform well Overall, current rebound is heavily dependent on foreign demand. To read ... Read More »

Moody’s Analytics Integrates FINCAD Analytics into RiskFoundation(TM) Platform

FINCAD, a market leader for innovative derivatives solutions, announced that Moody’s Analytics, the global provider of credit risk measurement and management solutions, has chosen to embed FINCAD Analytics in the calculation tier of its newly architected RiskFoundation(TM) platform. Moody’s RiskFoundation provides clients with the infrastructure needed to implement a world-class risk management system and comply with regulatory guidelines. The platform ... Read More »

PIIGS Downgraded by Fitch Rating Agency

The following are passages released by Fitch Ratings followings its six-nation credit downgrade timed with the end of the U.S. business day Friday: “Fitch Ratings has today concluded its review of the six eurozone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. The rating actions on the long-term Issuer Default Ratings (IDRs) are as follows: Belgium ... Read More »