Proposal to harmonise rules on debt stays and holdout creditors touches on sensitive issues
Accountable governments face pressure to preserve banks
Political divides undermine efforts to bolster insolvency process
Judge warns legal uncertainty remains, however
Lawyers cool on Lehman's chances, but warn victory would harm swaps market
Active role in liquidation can generate additional returns
By: Robert Fiedler
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.
Specialist firm would provide complex derivatives valuation and advisory services.
An increasing number of European companies are moving their operations abroad to avoid punitive bankruptcy regimes, leaving bondholders at a disadvantage.
Banks asked to draw up blueprints for resolution as part of a pilot scheme
Regulators have found it easier to reach consensus on a standard for contingent capital that converts at the point of a bank’s insolvency, but continue to struggle with the definitions for going-concern conversion. How will supervisors proceed? Joel…
Nigeria’s oil minister has dismissed market reports that the country’s oil supply will dramatically tighten following insolvency rumours and major plans for offshore drilling
Lehman Brothers International (Europe) (LBIE) has collected more than $48.6 billion of assets and cash up until March 14, and $17.2 billion has been distributed to creditors, according to a progress report by the administrators of LBIE, published on…
Financial reformers talk endlessly about the too-big-to-fail problem, but they often fail to address the heart of the issue, argues David Rowe
The administrators of Lehman Brothers International (Europe) discuss their role in handling the largest bankruptcy in corporate history, revealing how the process has raised questions about prime brokerage agreements, stock lending practices and the way…
This issue marks the fifth anniversary of Structured Products magazine. To commemorate this landmark, we have looked back over every issue since our launch and constructed a timeline featuring some of the most interesting stories and events, as well as…
Keydata Investment Services Ltd has been placed into a speedy administration by the UK Financial Services Authority on the grounds that it is insolvent. All new business has been suspended and a temporary suspension of payments on policies has been…