Podcasts

Late-cycle credit pressures are building, as are questions about what’s next for US leveraged finance and CLOs, or collateralized loan obligations. CLOs raise money from institutional investors to purchase leveraged loans, thus funding corporate borrowers while offering investors a range of risk and return options. But CLO managers are assuming a defensive position as risks grow, while also preparing for opportunities. In this episode, we’re looking into what’s driving these decisions and how the data can help decipher the credit impacts. Host: Paloma San Valentin, Managing Director, North America Corporate Finance, Moody’s Ratings Guests: Lyuba Petrova, Managing Director, Global Head of Leveraged Finance, Moody’s Ratings Al Remeza, Executive Director, Head of the US Corporate Structured Finance Surveillance rating team, Moody’s Ratings Related Research: Leveraged Finance – US - Late-cycle signals point to rising leveraged finance risk (https://www.moodys.com/research/Lever...) 21 September 2026 Corporate Defaults and Recoveries — US, EMEA – Recovery challenges intensify as credit cycle matures (https://www.moodys.com/research/Corpo...) 22 September 2026 CLOs – US – Asset quality improves at expense of par amid low spreads, economic uncertainty (https://www.moodys.com/research/CLOs-...) 23 September 2026 Listen: Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/7cSbfWT... © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.

Procure-to-pay fraud can redirect legitimate supplier payments into fraudulent bank accounts by exploiting weaknesses across onboarding, vendor management, and payment processes. As AI makes impersonation and document forgery more convincing, organizations may need stronger, connected controls across the supplier lifecycle. In this episode, Tom Abbey, UK & IE Country Manager at Trustpair, joins host Alex Pillow to discuss how procure-to-pay fraud often works, where traditional controls fall short, and how continuous digital verification can help organizations protect supplier payments. Key topics include: How fraudsters divert genuine supplier payments to fraudulent bank accounts Why supplier onboarding and bank-detail change requests are particularly vulnerable Business email compromise, synthetic identities, deepfakes, and AI-generated documents The limitations of callbacks, bank statements, and other manual verification methods The importance of checking suppliers at multiple points throughout the payment lifecycle Follow and connect with us on LinkedIn: Alex Pillow: / alex-pillow   Tom Abbey: / tom-abbey-uk   Additional resources: Trustpair whitepaper: https://trustpair.com/resources/fraud... Moody’s supplier risk landing page: https://www.moodys.com/web/en/us/solu... To learn more, visit: https://www.moodys.com/web/en/us/kyc...Visit here to get in touch: https://www.moodys.com/web/en/us/kyc/... — we would love to hear from you. © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.