Tariffs, Trade Wars, and the Credit Risk Reckoning

Hear from Michael Crumpler, CEO, Credit Benchmark and Jon Hilsenrath, former Wall St. Journal senior writer and founder of Serpa Pinto Advisory, as we examine early warning signs, strategic responses, and innovative risk management approaches needed in today's volatile trade environment.

This podcast explores the intersection of trade policy and credit risk, offering insights for senior risk managers navigating an increasingly complex global landscape:

• Rising Credit Risk: How tariffs are reshaping the credit risk landscape across key global sectors and what early warning signs risk officers should be tracking.
• Capital Allocation Strategies: How CROs and portfolio managers should reframe risk appetites given significant credit deterioration in vulnerable sectors.
• Data-Driven Decision Making: The role of alternative data and credit consensus insights in scenario planning and stress testing for portfolios exposed to supply chain shocks and regulatory retaliation.
• Central Bank Response: Potential actions the Fed and ECB may take given impacts of tariffs on inflation, Treasury yields, and economic uncertainty.

Links from today's discussion: Global Credit Risk Rising as Trade War Starts

 

Speaker Bios

Michael Crumpler, CEO, Credit Benchmark

Michael was appointed CEO of Credit Benchmark in June 2023 after serving in several key executive roles including most recently as Chief Operating Officer and Head of Risk. He is also a member of the Executive Committee.

Prior to joining Credit Benchmark in 2016, Michael worked at Goldman Sachs in the Credit Risk Management & Advisory group covering a diverse portfolio of entities across the natural resources and public finance sectors. Before Goldman, Mich