The Lehman Brothers Bankruptcy C: Managing The Balance Sheet Through The Use Of Repo 105,
2019
Yale School of Management
The Lehman Brothers Bankruptcy C: Managing The Balance Sheet Through The Use Of Repo 105, Rosalind Z. Wiggins, Andrew Metrick
Journal of Financial Crises
The Lehman Brothers court-appointed bankruptcy examiner produced a 2,200-page report detailing possible claims that the estate might pursue. The most surprising revelation of the report was that during its last year Lehman had relied heavily on an unusual financing transaction—Repo 105. The examiner concluded that Lehman’s aggressive use of Repo 105 transactions enabled it to remove up to $50 billion of assets from its balance sheet at quarter-end and to manipulate its leverage ratio so that it could report more favorable results. This case considers in-depth Lehman’s questionable use of Repo 105 transactions and its impact.
The Lehman Brothers Bankruptcy B: Risk Limits And Stress Tests,
2019
Yale School of Management
The Lehman Brothers Bankruptcy B: Risk Limits And Stress Tests, Rosalind Z. Wiggins, Andrew Metrick
Journal of Financial Crises
Investment banks are in the business of taking calculated risks. Risk management infrastructure facilitates the safe pursuit of profits and the balancing of associated risks. By 2006, Lehman Brothers was thought to have a very respectable risk management system, and even its regulator, the Securities and Exchange Commission, viewed its risk framework as being fully compliant with regulatory requirements. In its public disclosures, Lehman characterized its risk controls as “meaningful constraints on its risk taking” and evidence of its continued financial stability. Beginning in late 2006, however, Lehman began dismantling its carefully crafted risk management framework as it pursued a …
The Lehman Brothers Bankruptcy A: Overview,
2019
Yale School of Management, Yale School of Management
The Lehman Brothers Bankruptcy A: Overview, Rosalind Z. Wiggins, Thomas Piontek, Andrew Metrick
Journal of Financial Crises
On September 15, 2008, Lehman Brothers Holdings, Inc., the fourth-largest U.S. investment bank, sought Chapter 11 protection, initiating the largest bankruptcy proceeding in U.S. history. The demise of the 164-year old firm was a seminal event in the global financial crisis. Under the direction of its long-time Chief Executive Officer Richard Fuld, Lehman had been very successful pursuing a high-leverage, high-risk business model that required it to daily raise billions of dollars to fund its operations. Beginning in 2006, Lehman began to invest aggressively in real-estate-related assets and soon had significant exposures to housing and subprime mortgages, just as these …
The Future Of Blockchain: As Technology Spreads, It May Warrant More Privacy Protection For Information Stored With Blockchain,
2019
University of North Carolina School of Law
The Future Of Blockchain: As Technology Spreads, It May Warrant More Privacy Protection For Information Stored With Blockchain, Ashley N. Longman
North Carolina Banking Institute
No abstract provided.
Is The United States Becoming The “New Switzerland”?: Why The United States’ Failure To Adopt The Oecd’S Common Reporting Standard Is Helping It Become A Tax Haven,
2019
University of North Carolina School of Law
Is The United States Becoming The “New Switzerland”?: Why The United States’ Failure To Adopt The Oecd’S Common Reporting Standard Is Helping It Become A Tax Haven, Rachel E. Brinson
North Carolina Banking Institute
No abstract provided.
Tearin’ Up Iheart: The Recent Trend With Troubled Companies And The Unrestricted Subsidiary Transfer Tactic,
2019
University of North Carolina School of Law
Tearin’ Up Iheart: The Recent Trend With Troubled Companies And The Unrestricted Subsidiary Transfer Tactic, Brad Cheek
North Carolina Banking Institute
No abstract provided.
The High Cost Of Low Supervision: How Servicemembers Will Inevitably Pay For The Cfpb’S Reactive Approach To The Military Lending Act,
2019
University of North Carolina School of Law
The High Cost Of Low Supervision: How Servicemembers Will Inevitably Pay For The Cfpb’S Reactive Approach To The Military Lending Act, Courtney C. Cornelius
North Carolina Banking Institute
No abstract provided.
The Modern Threat: Data Breaches, Security Measures, And A Call For Changes,
2019
University of North Carolina School of Law
The Modern Threat: Data Breaches, Security Measures, And A Call For Changes, Zachary N. Layne
North Carolina Banking Institute
No abstract provided.
“Super Lien” Doesn’T Mean Super Risk: Money Market Intermediation, Security Interests, Federal Home Loan Bank Lien Protections And Systemic Risk,
2019
University of North Carolina School of Law
“Super Lien” Doesn’T Mean Super Risk: Money Market Intermediation, Security Interests, Federal Home Loan Bank Lien Protections And Systemic Risk, Jonathan A. Scott, Reginald T. O'Shields
North Carolina Banking Institute
No abstract provided.
An Attempt To Negate Iranian Sanctions: How Special Purpose Vehicles May Be The Eu’S Last Hope To Keep The Jcpoa Alive,
2019
University of North Carolina School of Law
An Attempt To Negate Iranian Sanctions: How Special Purpose Vehicles May Be The Eu’S Last Hope To Keep The Jcpoa Alive, Alexandria Ter Avest
North Carolina Banking Institute
No abstract provided.
Merger, Huh, What Is It Good For: The Impacts Of Credit Union Mergers,
2019
University of North Carolina School of Law
Merger, Huh, What Is It Good For: The Impacts Of Credit Union Mergers, T. Nute Thompson
North Carolina Banking Institute
No abstract provided.
Tribal Lending Under Cfpb Enforcement: Tribal Sovereign Immunity And The “True Lender” Distinction,
2019
University of North Carolina School of Law
Tribal Lending Under Cfpb Enforcement: Tribal Sovereign Immunity And The “True Lender” Distinction, Brianne Marino Glass
North Carolina Banking Institute
No abstract provided.
Banking At The Fed With Fedaccounts: The Demise Of Commercial Banks?,
2019
University of North Carolina School of Law
Banking At The Fed With Fedaccounts: The Demise Of Commercial Banks?, E. Kylie Norman
North Carolina Banking Institute
No abstract provided.
Front Matter,
2019
University of North Carolina School of Law
Front Matter, North Carolina Banking Institute
North Carolina Banking Institute
No abstract provided.
Cryptocurrency And Financial Regulation: The Sec’S Rejection Of Bitcoin-Based Etps,
2019
University of North Carolina School of Law
Cryptocurrency And Financial Regulation: The Sec’S Rejection Of Bitcoin-Based Etps, Marion A. Brown
North Carolina Banking Institute
No abstract provided.
Sec You Later: Eliminating The Bank Holding Company And Reducing Sec Oversight Under Section 3(A)(2),
2019
University of North Carolina School of Law
Sec You Later: Eliminating The Bank Holding Company And Reducing Sec Oversight Under Section 3(A)(2), Blake Leger
North Carolina Banking Institute
No abstract provided.
Not All Securitizations Are Equal: Risk Retention For Commercial Mortgage-Backed Securitization In An Era Of Deregulation,
2019
University of North Carolina School of Law
Not All Securitizations Are Equal: Risk Retention For Commercial Mortgage-Backed Securitization In An Era Of Deregulation, Devon R. Tucker
North Carolina Banking Institute
No abstract provided.
Banks And Guns: Social Activism Following The Parkland, Florida Shooting,
2019
University of North Carolina School of Law
Banks And Guns: Social Activism Following The Parkland, Florida Shooting, Erin A. Catlett
North Carolina Banking Institute
No abstract provided.
Disclosure And Acknowledgements,
2019
University of North Carolina School of Law
Disclosure And Acknowledgements, North Carolina Banking Institute
North Carolina Banking Institute
No abstract provided.
A General Counsel’S Perspective On The Importance Of A Long-Term Focus And An Open Culture,
2019
University of North Carolina School of Law
A General Counsel’S Perspective On The Importance Of A Long-Term Focus And An Open Culture, John G. Finneran Jr.
North Carolina Banking Institute
No abstract provided.
