This paper focuses on the ability of accounting ratios to predict the financial distress status of a firm as defined by the law.
Vague rules spark confusion; Morgan Stanley may face headaches
Deal of the year: Arqiva/HSBC
Top 10 op risks: Political intervention
Mustafa van Hien joins UK fund manager from Jones Day
The pros and cons of restructuring
Securitised debt markets in Asia are poised for growth, but challenges remain
The EU faces a tricky 2011 as it navigates excessive debt, but needs to address solvency issues rather than liquidity, says Pimco's CEO Mohamed El-Erian.
EC bank resolution proposals could result in a bifurcation of the CDS market
By: Edward I. Altman, Brenda Karlin, NYU Salomon Center
Ailing Irish bank Anglo Irish unveiled terms for a widely anticipated exchange of its subordinated debt on October 21. But could senior bondholders also see some pain?
EU help for Club Med nations is designed to give European banks enough time to minimise exposure to the region prior to debt restructurings, said analysts at a Fitch Ratings conference.
An increasing number of European companies are moving their operations abroad to avoid punitive bankruptcy regimes, leaving bondholders at a disadvantage.
A group of insurance companies active in the credit derivatives market has submitted a letter to the International Swaps and Derivatives Association suggesting language changes to the trade association’s restructuring definitions.