North of the Border
This is the most valuable company on the Toronto Stock Exchange
Royal Bank of Canada
This is the umbrella group for U.S. bank regulators
Federal Financial Institutions Examination Council (FFIEC)
This was the costliest weather event in U.S. history
Hurricane Katrina
The number of top 10 primary mortgage servicers that are non-banks
8
This double negative is a long way of identifying commercial real estate on bank regulatory reports
Nonfarm nonresidential
This Canadian investment manager owns a majority stake in Oaktree
Brookfield
This institution celebrated its 200th anniversary in 2018
Brown Brothers Harriman
Not just anyone can be a customer of this San Antonio insurer
USAA
The name Blackstone was derived from this
Steven Schwarz (Schwarz=black in German) and Peter Peterson (Peter=stone in Greek)
Published when Fitch does not take a rating action
Non-Rating Action Commentary or NRAC
In 2017, this institution sparked a mini-crisis in Canadian banking
Home Capital Group
This rated bank has the longest serving CEO
Zions (Harris Simmons)
The first CAT bond “purred” to life in this year
1997 (following Hurricane Andrew)
At one point, this NBFI would have ranked as the fourth largest bank in the U.S.
General Electric Capital Corporation (GECC)
If you want to know about bank lending to private credit, look for this line item on bank regulatory filings
Loans to Non-depository Financial Institutions
Regulator of financial services in the Province of Quebec
Authorite des marches financiers
Bank holding companies below this threshold do not have to file a FR Y-9C report
$3.0 billion
The oldest insurance market still in existence
Lloyds of London
Fitch began rating Business Development Companies in this year
2005
Some investors cannot invest in these bonds based on our rating
Non-investment grade
This metonymy refers to Canada's "Wall Street"
Bay
This founding father was also a founding father of this banking institution, which is still in existence today
Alexander Hamilton (Bank of New York)
The Philadelphia Contribution for the Insurance of Houses from Loss by Fire was founded by this founding father
Benjamin Franklin
Excluding captive finance companies, this NBFI subsector has the largest annual debt maturities
Aircraft lessors
Just about anyone can get this type of residential mortgage loan
Non-qualifying mortgage (NonQM)