Banks Required To Rely Less on Ratings Agencies Since 2010, the ECB has been trying to break banks reliance upon credit rating agencies. In 2011 Jean-Claude Trichet ranted and raved against the influence of … Read More
Articles tagged "Asset Recovery"
Due Diligence For Asset Recovery
Due diligence investigations into the assets of a fraud feasor is delicate work. Even proposing to do some research into a potential fraud feasor to see what can be done to recover assets, that is if there are any, … Read More
Risks In Recovery Actions
Risks In Recovery Actions This item could also be called – when due diligence meets asset recovery. In every case, large or small, there are certain foundational events, constraints, and inputs that shape the … Read More
Projections
Projections I am inherently distrustful of projections. For too many years as an investment banker I reviewed business plans and their projections. If you asked any of the authors of the projections- no matter what … Read More
8th Annual Fraud and Forensic Accounting Education Conference
8th Annual Fraud and Forensic Accounting Education Conference Hyatt Regency Savanna Georgia May 15th-16th 2014 … Read More
Authority to Bind
Authority to Bind It is too often a question that is not asked or answered. How does one have the authority to bind a company, a partnership, a country or even a group of victims? A few recent events come to … Read More
NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices
NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices From a recent filing in US Courts: Broux v. PetroChina Co. Ltd., 13-cv-06180, U.S. District Court, Southern District of New York. PetroChina … Read More
Brazilian LTN Bonds
Brazilian LTN Bonds Here, for both your edification and reading enjoyment, is a story of yet another scheme of “bogus bonds” flying around the world of fringe finance. The Brazilian Letra do Tesouro Nacional … Read More
Can Fraud and Corruption be Stopped?
Can Fraud and Corruption be Stopped? We must now consider if fraud can ever be eliminated: and under this head there are three points of inquiry. (1) Whether fraud can ever be clearly defined. (2) Whether fraud can … Read More
When everything goes wrong, asset recovery
When everything goes wrong, asset recovery A bank cannot make 100% of its investment decisions correctly, unless it makes no decision at all. Banks try to make conservative investments, with the term conservative … Read More