Signed and sealed?

contract

Regulators and industry associations have talked up the virtues of third-party custodians since Lehman Brothers swallowed tens of billions of dollars of hedge fund assets when it collapsed in September 2008. Hedge fund clients were dismayed to discover independent amount they had transferred to the broker-dealer had not been properly segregated or had been lent out to third parties – leaving them having to file unsecured claims for the recovery of those assets. The debacle has encouraged a push

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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