European asset managers face significant regulatory challenges. The impact of new regulation will be substantial and will cause upheaval and change in the sector. This white paper summarises European and US areas of regulation that will impact European asset managers.
This white paper looks at the recent Cypriot banking crisis and how this has impacted depositors. It focuses particularly on three injunctions that have been granted by the Supreme Court and how they affect the billions of Euros that Russian depositors have in Cyprus’ two main banks.
This white paper examines new accounting standards set out by two of the main accounting standards boards. It details how the standards can help increase efficiency, detect credit deterioration earlier and ultimately improve the performance of risk management inside a bank.
Harneys answers frequently asked questions about banking in Cyprus in the context of the current banking crisis. Key issues discussed include circumstances under which the Deposit Protection Scheme is activated, which deposits are covered by the Deposit Protection Fund and depositor compensation.
Recent case law shows how sovereign debt contracts may impact bondholders if s sovereign has also issued bonds which are governed by a particular jurisdiction. This white paper discusses the outcome and implications.
This white paper explores how the Greek debt reorganisation of 2012 changed the rules of sovereign insolvency. It considers the ways in which this particular sovereign bankruptcy could affect future sovereign bankruptcies.
The importance of accurately modelling and managing credit risk is continuously growing, regulatory changes and evolving risk management practices have led to banks looking a lot more closely at credit risk. This white paper provides an introduction to this challenging topic.
Credit valuation adjustment (CVA) has been at the forefront of many discussions since the 2007–2008 financial crisis as a result of losses taken by major market participants due to counterparty defaults on derivatives. Basel III and threatened clearing requirements are driving change.
In this white paper, Herbert Smith considers some of the issues which would arise if a Member State were to decide to leave the Eurozone (or, indeed, be expelled). There are a number of potential methods by which a Member State could leave the Eurozone, with different consequences.
The improvement of China Construction Bank’s risk management tools and processes in 2010 cemented its influential position in the industry and led to it being named Asia Risk’s 2011 House of the Year, China.