Mukherjee

Zoom announces communications compliance solution, Zoom Compliance Manager

Retrieved on: 
Wednesday, March 20, 2024
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Zoom Compliance Manager powered by Theta Lake allows you to confidently use Zoom while maintaining regulatory requirements.

Key Points: 
  • Zoom Compliance Manager powered by Theta Lake allows you to confidently use Zoom while maintaining regulatory requirements.
  • Zoom Compliance Manager provides compliance capabilities across the Zoom platform, including AI Companion, Meetings, Team Chat, Phone, Whiteboard, Rooms, Webinars, Events, and Contact Center.
  • Zoom Compliance Manager integrates the proven compliance solution from Theta Lake, a leader in digital communications governance providing modern communication compliance and security solutions.
  • To experience a live demo of Zoom Compliance Manager, visit the Zoom booth on March 26 at 5:30 p.m. EST.

The impact of regulatory changes on rating behaviour

Retrieved on: 
Tuesday, April 2, 2024
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Abstract

Key Points: 
    • Abstract
      We examine rating behaviour after the introduction of new regulations regarding Credit Rating
      Agencies (CRAs) in the European securitisation market.
    • There is empirical evidence of rating catering in the securitisation market in the pre-GFC period (He et al.,
      2012; Efing and Hau, 2015).
    • Competition among
      CRAs could diminish ratings quality (Golan, Parlour, and Rajan, 2011) and promotes rating shopping by
      issuers resulting in rating inflation (Bolton et al., 2012).
    • This paper investigates the impact of the post-GFC regulatory changes in the European
      securitisation market.
    • In 2011, in addition to the creation of
      European Securities and Markets Authority (ESMA), a regulatory and supervisory body for CRAs was
      introduced.
    • We examine how rating behaviours have changed in the European securitisation market after the
      introduction of these new regulations.
    • We utilise the existence of multiple ratings and rating agreements between
      CRAs to identify the existence of rating shopping and rating catering, respectively (Griffin et al., 2013; He
      et al., 2012; 2016).
    • We find that the regulatory changes have been effective in tackling conflicts of interest between issuers
      and CRAs in the structured finance market.
    • Rating catering, which is a direct consequence of issuer and
      CRA collusion, seems to have disappeared after the introduction of these regulations.
    • There is empirical evidence of rating catering in the securitisation market in
      the pre-GFC period (He et al., 2012; Efing and Hau, 2015).
    • Competition among CRAs could diminish ratings quality (Golan, Parlour,
      and Rajan, 2011) and promotes rating shopping by issuers resulting in rating inflation (Bolton et
      al., 2012).
    • This paper investigates the impact of the post-GFC regulatory changes in the European
      securitisation market.
    • In 2011, in addition
      to the creation of European Securities and Markets Authority (ESMA), a regulatory and
      supervisory body for CRAs was introduced.
    • We find that the regulatory changes have been effective in tackling conflicts of interest
      between issuers and CRAs in the structured finance market.
    • Rating catering, which is a direct
      consequence of issuer and CRA collusion, seems to have disappeared after the introduction of
      these regulations.
    • Investors who previously demanded higher spreads for rating agreements for a
      multiple rated tranche, did not consider the effect of rating harmony as a risk in the post-GFC
      period.
    • Regarding rating shopping, we find that the effectiveness of the changes has been limited,
      potentially for two reasons.
    • Additionally, we also find that rating over-reliance might still be an issue, especially
      Rating catering is a broad term and it can involve rating shopping.
    • They re-examine the rating shopping and rating
      catering phenomena in the US market by looking at the post-crisis period between 2009 and 2013.
    • Using 622 CDO tranches, they also observe the existence of rating shopping and the diminishing
      of the rating catering.
    • Firstly, our main focus is the EU?s CRA Regulation and its effectiveness in reducing
      rating inflation and rating over-reliance.
    • To the best of our knowledge, this paper is the first to
      examine the effectiveness of the EU?s CRA regulatory changes on the investors? perception of
      rating inflation in the European ABS market.
    • Hence, the coverage and quality of our dataset constitutes significant addition
      to the literature and allows us to test the rating shopping and rating catering more authoritatively.
    • The following section reviews the literature
      on securitisation concerning CRAs and conflicts of interest, and outlines the regulatory changes
      introduced in the post-GFC period.
    • Firstly, ratings became ever more important as the Securities and
      Exchange Commission (SEC) 5 began heavily relying on CRA assessments for regulatory purposes
      (i.e.
    • the investment mandates that highlight rating agencies as the main benchmark for investment
      eligibility) (SEC, 2008; Kisgen and Strahan, 2010; Bolton et al., 2012).
    • issuers) as one of the main explanations for the rating inflation (He et al., 2011; 2012; Bolton
      et al., 2012; Efing and Hau, 2015).
    • Bolton et al., (2012) demonstrate that competition
      promotes rating shopping by issuers, leading to rating inflation.
    • The last phase, CRA III, was implemented in mid-2013 and involves an additional
      set of measures on reducing transparency and rating over-reliance.
    • As mentioned above, rating inflation can be caused by rating shopping
      In order to be eligible to use the STS classification, main parties (i.e.
    • The higher the difference in the number of ratings for a
      given ABS tranche, the greater the risk of rating shopping.
    • Alternatively, the impact of the new
      regulations could be limited when it comes to reducing rating shopping.
    • This is because, firstly,
      the conflict of interest between securitisation parties is not necessarily the sole cause for the
      occurrence of rating shopping.
    • L is a set of variables (Multiple ratings, CRA reported, Rating agreement) that
      we utilise interchangeably to capture the rating shopping and rating catering behaviour.
    • Hence, issuers are incentivised to report the highest possible rating and
      ensure each additional rating matches the desired level.
    • All in all, our results suggest that
      the new stricter regulatory measures have been effective in tackling conflicts of interest and
      reducing rating inflation caused by rating catering.
    • Self-selection might be a concern in analysing the impact of the
      new measures and investors? response with regard to the rating inflation.
    • This
      result is in line with the earlier findings suggesting that regulatory changes have reduced investors?
      suspicion of rating inflation and increased trust of CRAs.
    • Conclusion
      Several regulatory changes were introduced in Europe following the GFC aimed at tackling
      conflicts of interest between issuers and CRAs in the ABS market.
    • Utilising a sample of 12,469
      ABS issued between 1998 and 2018 in the European market, this paper examined whether these
      changes have had any impact on rating inflations caused by rating shopping and rating catering
      phenomena.
    • We find that the
      effectiveness of the changes has been more limited on rating shopping potentially for two reasons.
    • Tranche Credit Rating is the rating reported for a tranche at launch.

Halliburton Labs Appoints Pulakesh Mukherjee to Advisory Board

Retrieved on: 
Wednesday, February 28, 2024
Alternative Energy, Energy, Oil, Gas, Advisory board, NREL, Investment, Marketing, Growth, RMI (energy organization), Stanford University, IIT Kanpur, Labs, Mukherjee, Agriculture, Cryptocurrency

Halliburton Labs has announced Pulakesh Mukherjee, Partner, Imperative Ventures has joined its advisory board.

Key Points: 
  • Halliburton Labs has announced Pulakesh Mukherjee, Partner, Imperative Ventures has joined its advisory board.
  • “We are pleased to welcome Pulakesh as we help emerging companies achieve scale and growth,” said Dale Winger, managing director of Halliburton Labs.
  • He serves on numerous industry advisory boards, including the NREL Investor Advisory Board, Activate, and Rocky Mountain Institute.
  • Mukherjee joins Jeff Miller, Reggie DesRoches, John Grotzinger, Jennifer Holmgren, Maynard Holt, Walter Isaacson, and Dale Winger on the Advisory Board.

Sas Mukherjee joins as the President of Catalyst Solutions

Retrieved on: 
Wednesday, November 15, 2023
Mukherjee, Sale, Corporation, Medicaid, CFO, SAS, FTSE, Serco, Culture, Division, M&A, British Insurance Services, Insurance, Corporate development, Growth, Banking BPO services, BPO, Fortune 500, Fine chemical, Management, Consultant, Onex, Catalysis

DENVER, Nov. 15, 2023 /PRNewswire/ -- Catalyst Solutions, a leader in healthcare business process outsourcing (BPO), technology, and consulting services announces the appointment of Sas Mukherjee as President, starting November 15, 2023.

Key Points: 
  • DENVER, Nov. 15, 2023 /PRNewswire/ -- Catalyst Solutions, a leader in healthcare business process outsourcing (BPO), technology, and consulting services announces the appointment of Sas Mukherjee as President, starting November 15, 2023.
  • Mukherjee's appointment marks a pivotal step in Catalyst's growth journey, bringing his extensive experience and proven leadership to guide Catalyst through a new era of growth and transformation.
  • Rachel Spilo, CEO & Founder, commented on Mukherjee's experience "Sas is the quintessential leader for Catalyst's next phase.
  • Sas Mukherjee shared his vision for Catalyst: "My background in C-level roles, particularly in the private equity space, has shown me that Catalyst embodies the type of platform with marquee clients and differentiated solutions that are highly sought after in the market.

Faeth Therapeutics Announces National Academy of Medicine Recognition for Co-founder Dr. Siddhartha Mukherjee

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Friday, October 13, 2023
Biotechnology, Pharmaceutical, Oncology, General Health, Health, Infectious Diseases, Hospitals, Other Health, National Academy of Medicine, Acute myeloid leukemia, Doctor of Philosophy, Memorial Sloan Kettering Cancer Center, Research, Francis Crick Institute, Bristol Myers Squibb, Harvard University, NAM, The Emperor of All Maladies, Cell biology, Medicine, National academy, Pulitzer Prize, Therapy, Immunotherapy, Genetics, Mukherjee, Assistant, Dana–Farber Cancer Institute, ARD International Music Competition, CRUK, Disease, Dana, National Academy of Science and Technology, Tony Faeth, Pharmaceutical industry

Faeth Therapeutics , a leader in metabolic oncology research and treatment innovation, proudly announces the induction of its co-founder, Dr. Siddhartha Mukherjee, Assistant Professor at Columbia, Pulitzer Prize Winner, and one of Time 100's Most Influential People, into the esteemed National Academy of Medicine (NAM).

Key Points: 
  • Faeth Therapeutics , a leader in metabolic oncology research and treatment innovation, proudly announces the induction of its co-founder, Dr. Siddhartha Mukherjee, Assistant Professor at Columbia, Pulitzer Prize Winner, and one of Time 100's Most Influential People, into the esteemed National Academy of Medicine (NAM).
  • "Dr. Mukherjee's induction into the National Academy of Medicine reaffirms Faeth Therapeutics' dedication to unparalleled scientific rigor and innovation.
  • In the National Academy of Medicine, members are elected by their colleagues as a testament to their exceptional accomplishments.
  • Being inducted into the academy represents one of the most prestigious accolades within the realm of medicine.

The outlook is mixed: the asymmetric effects of weather shocks on inflation

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Tuesday, October 17, 2023
Climate, Climate change, Trevor M. Jones, Restaurant, Tourism, Weather, RESEARCH, Season, Catalina, Forecasting, Knight v Indian Head School Division No 19, Environment, Mukherjee, Dasgupta, New, Roma, l'altra faccia della violenza, Economics, Drought, Research, Disaster, BVAR, American Economic Journal, Dell, European Central Bank, Flood, Temperature, IPCC, Nickel, Foodservice, Shock, Health, The Lancet, Maximilian Auffhammer, Journal, Lancet, Food, Paper, Energy economics, Review, Directorate, Journal of Economic Literature, Climatic Change (journal), Central bank, Economist, Literature, ECB, Dairy, Agriculture, Bookkeeping, Natural rubber, Security printing, Natoli, Parker
Key Points: 

Wrike Announces Ownership and Leadership Transition

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Friday, July 7, 2023
Data Analytics, Data Management, Professional Services, Technology, Software, Vista Equity Partners, LLP, Interim, Kirkland & Ellis, Mukherjee, Finance, STG, Organization, Lazard, Administration, Symphony Technology Group, CFO, Artificial intelligence, Growth, Zebra Technologies, Management, Wrike

Wrike , a leader in collaborative work management, today announced the completion of its recapitalization and ownership transition to Symphony Technology Group (STG) , a private equity firm specializing in software, data, and analytics.

Key Points: 
  • Wrike , a leader in collaborative work management, today announced the completion of its recapitalization and ownership transition to Symphony Technology Group (STG) , a private equity firm specializing in software, data, and analytics.
  • Simultaneous with the transaction, Wrike Founder and Chief Executive Officer, Andrew Filev, will transition into the role of Board Advisor.
  • “Thomas has the deep respect of Wrike’s senior leadership team and has already played a critical role in building the operational infrastructure for growth at Wrike, setting the stage for a seamless transition of leadership.
  • “Wrike and STG share a vision for how to advance our market leadership in work management software, a category that is primed for growth.”
    Over the last decade, Wrike has helped shape the collaborative work management category.

Verato Names Avi Mukherjee as Chief Product Officer

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Tuesday, March 7, 2023
Software, Practice Management, Internet, Managed Care, Health, Data Management, Hospitals, Technology, Capital, Software as a service, Patient, Multimedia, Friction, Verily, Mukherjee, Organization, Optum, CPO, Management, Nursing

Verato , the identity experts for healthcare, today announced the appointment of Avi Mukherjee to the role of Chief Product Officer (CPO).

Key Points: 
  • Verato , the identity experts for healthcare, today announced the appointment of Avi Mukherjee to the role of Chief Product Officer (CPO).
  • View the full release here: https://www.businesswire.com/news/home/20230307005314/en/
    Verato's newly appointed chief product officer, Avi Mukherjee, joins company to lead rapid innovation of the first purpose-built for healthcare hMDM identity management solutions (Photo: Business Wire)
    In a recent survey , 72% of healthcare executives noted that they were concerned about siloed, inaccurate personal data.
  • “I'm thrilled to welcome Avi to the Verato team,” said Clay Ritchey, CEO of Verato.
  • “Avi is an outstanding leader with a proven ability to build and lead high performing teams that drive new and innovative product development.

Mondelēz International Appoints Ann Mukherjee to Board of Directors

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Tuesday, December 13, 2022
Trident, Securities and Exchange Commission (Philippines), Sour Patch Kids, Wine, Cadbury Dairy Milk, Consumer, Annual report, International, Dow Jones Sustainability Indices, Chocolate, LU, Risk, PepsiCo, Vision 2030, Standard, Milka, Transport, DSV (company), Frito-Lay, Mukherjee, Growth, S. C. Johnson & Son, Belvita, Senior, Snack, MDLZ, Management, Toblerone

CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced the appointment of Ann Mukherjee, Chairwoman and Chief Executive Officer of Pernod Ricard North America, to the Company's Board of Directors, effective January 1, 2023.

Key Points: 
  • CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced the appointment of Ann Mukherjee, Chairwoman and Chief Executive Officer of Pernod Ricard North America, to the Company's Board of Directors, effective January 1, 2023.
  • “We welcome Ann to our Board and look forward to benefitting from her strong track record in leading and advising multinational consumer packaged goods companies,” said Dirk Van de Put, Chairman & CEO of Mondelēz International.
  • Mukherjee’s appointment expands the size of the Company’s Board of Directors to 11 members.
  • Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index.

Pernod Ricard Doubles Down on the Sustainable Future of American Whiskey with Kentucky Investment

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Thursday, December 8, 2022
Ballantine, Bourbon, Pernod Ricard, Creek, Bourbon whiskey, Intelligence, Seagram, Havana Club, Cognac, American whiskey, Brancott Estate, United Nations, Wine, Drinking, Castle Brands, Partnership, Kenwood Vineyards, Magic, LEED, ISIN, Growth, Ageing, Good Times, Farmer, Mukherjee, Acceleration, Carbon, Electricity, Culture, Distiller, Jameson Irish Whiskey, SVP, Philosophy, Beefeater Gin, Scotch whisky, Yeomen Warders, Ticker, Transform, Acquisition, Certification, Royal Salute, Jacobs Creek, Absolut Vodka, Monkey, CAC, Ricard, Liquor, Renewable energy, Industrial architecture, Chivas Regal, Euronext, North–South Trail (RI), Lillet

NEW YORK, Dec. 8, 2022 /PRNewswire/ -- Pernod Ricard today announced a significant move to further leverage the strong growth – and growth potential – of its premium American whiskey portfolio, The American Whiskey Collective. The world's second largest wine and spirit company will invest approximately $250 million over five years to build a state-of-the-art, carbon neutral distillery, with related aging warehouses in Marion County, Kentucky for its fast-growing Jefferson's Bourbon brand. This investment will also include the build of a world class visitor center facility that will welcome whiskey aficionados on the historic South Trail of Kentucky Bourbon.

Key Points: 
  • This investment will also include the build of a world class visitor center facility that will welcome whiskey aficionados on the historic South Trail of Kentucky Bourbon.
  • "American whiskey is an extremely vibrant spirits category, and our strategic investments over the last few years have proven successful," said Alexandre Ricard, Chairman and CEO, Pernod Ricard.
  • Pernod Ricard has announced the intention for this new distillery to be carbon neutral once operational.
  • Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.