Betting on recovery

Below, in a vast steel and glass atrium, auctioneers appointed by the officialreceivers, PricewaterhouseCoopers (PwC), briskly sold off Enron’s computerhardware and office furniture. PwC was doing this on behalf of Enron’screditors. The appetite of buyers for second-hand Aeron chairs, Cisco routersand flat screen monitors, here and at other places across the world, would helpdetermine the recovery rate these creditors would ultimately receive on their$67 billion of defaulted loans and bonds.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here