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Risk magazine

Sachsen LB board overhauled

In the wake of a takeover agreement with Landesbank Baden-Württemberg, the chairman of Sachsen LB's board of directors, Herbert Süß, has resigned effective from September 15 2007.

Going downturn

There is much debate regarding the definition of 'downturn' loss given default (LGD). In this article, Michael Barco offers an analytic approach for calculating downturn LGD so that credit risk capital is not underestimated or overestimated

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