The large losses of some banks in their derivatives transactions with hedge fund Archegos indicate serious shortcomings in regulatory capital regulation and stress testing methods for collateralized OTC derivatives according…
Did Credit Suisse’s Board forget the lessons from the 2008/2009 financial crisis? A key lesson learned was that banks need to price the risks they take appropriately and that investment…
A number of incidents in banks have shown that correctly assessing the risks is crucial to avoid losses and reputational damage. Board members of a bank need to have sufficient…
We are excited to announce the addition of Claude F. Moser to the Orbit36 team. In his new role as Vice Chairman, Claude will act as senior advisor as well…
Following the tremors around the default of hedge fund Archegos, some banks suffered enormous losses but others were barely hit. We take a look at why banks like Credit Suisse…
Valuations play an important role in M&A transactions and the annual testing of goodwill after an acquisition. Particularly for banks, valuations can be challenging. Senior executives and board members should…
Two months ago, we outlined 4 possible scenarios for the next three years, depending on the further progression of the COVID-19 pandemia (Strategic Planning in uncertain times – A few…
A year ago, I spoke at the Annual Bank Capital Management Conference on the usefulness of stress tests for ICAAP. If someone had asked me on that warm summer…
Flying an airplane is a delicate task. Under difficult conditions, a pilot has to rely on his experience and intuition, while adhering to a complex set of rules. Applying…
Most large firms are in the midst of their annual planning cycle. In light of the uncertainties around COVID-19, strategic planning has perhaps never been more difficult than this year….