The crumbling architecture of arms control

At a political rally on October 20, US President Donald J. Trump announced that the United States will withdraw from the 1987 Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles (INF Treaty). This confirms what has steadily been unfolding over the past couple of years: the architecture of Russian-US...

Bank's risk rating: Borrower and credit facility should be treated separately

BB's guideline on ICRRS mentions that banks need to manage the credit risk inherent in the entire portfolio as well as the risk in individual borrower transaction. But this does not, however, make it clear that each borrower and its facility should be rated separately, instead it means rating bank's...