Most recent columns

Gerd-Jan van Wiggen: From private credit to public crisis

Tue, 21 Apr 2026 12:38:56 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Gerd-Jan van Wiggen, Partner at Probability & Partners

After years of strong returns and high expectations, we have seen turmoil emerge in the private credit markets in recent months. Since the bankruptcies of First Brands and Tricolor last year, there has been a significant increase in focus on the quality of private credit exposures. There is concern that standards for credit approval and monitoring are too low and that, as a result, private credit portfolios may contain many loans on which repayments are either non-existent or limited.

Probability & Partners: How stable are stablecoins?

Tue, 10 Feb 2026 12:30:11 +0100

By Yusi Wang, Senior Risk Consultant, and Gerd-Jan Wiggen, Partner, both at Probability & Partners

The development of tokenized assets in the EU market has grown rapidly in recent years and is expected to continue expanding, particularly with the rise of stablecoins.

Gerd-Jan van Wiggen: When the ATM falls silent

Tue, 23 Dec 2025 13:16:00 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Gerd-Jan van Wiggen, Partner at Probability & Partners

Many people in the Netherlands have now received the booklet on how to prepare for an emergency. This prompted us to organise a lunch discussion on personal operational resilience. A brief survey showed that most people do have a small supply of food and drink at home. Candles and matches also score well. However, having some cash at home turned out to be an area for improvement.

Gerd-Jan van Wiggen: Is this the moment for European securitisation?

Tue, 23 Dec 2025 13:15:39 +0100

By Gerd-Jan van Wiggen, Sector Lead Banking, Yusi Wang, Senior Risk Management Consultant, and Fabiana Liu, Quantitative Consultant, all of them at Probability & Partners

The European securitisation market has shown an upward trend, with issuance rising by 14.8% year-on-year in full-year 2024, from €213.3 billion to €244.9 billion^[1]. However, this growth remains much slower compared to other major jurisdictions following the 2008 crisis.