Non-Bank Financial Institutions

Analytic overview: apply a structured approach to the credit analysis of securities companies and compare this with the perspectives of regulators, rating agencies and debt and equity investors. Operating Environment: understand the impact of macro competitive and regulatory issues on risk profile and strategy. Financial fundamentals: benchmark key performance indicators of different types of securities companies in order to identify both strong and weak performers and recognise early warning signals of credit deterioration. Industry Overview: differentiate the key features and investment strategies of regulated funds.