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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Rolling the Credits: Credit Suisse Suffers a Double Whammy
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<blockquote data-quote="Jacob Miller" data-source="post: 77669" data-attributes="member: 5063"><p>The position that Credit Suisse finds itself in is extremely interesting - a real throwback, in many ways, to the sort of headlines we saw around the 2007-2008 financial crisis. </p><p></p><p>The article is extremely detailed and, as such, I won't focus much on substantive content: I want to focus more on how applicants may look to discuss this phenomenon in interviews and during vacation schemes. </p><p></p><p>First and foremost, the sort of fallout from the impending collapse, or even solvent restructuring, of any financial institution, is likely to result in substantial litigation as debtors and creditors jostle for position and contractual obligations are disputed. This presents a huge opportunity for firms with strong banking and financial litigation practices to ride this wave. </p><p></p><p>On a more mid-long term note, any major FI running into challenges with liquidity and/or solvency, especially where it is so closely linked to lobbying problems such as those which are now to be subject to enquiry, almost invariably results in considerable regulatory change. Candidates may wish to explore how those firms with strong regulatory advisory practices may be able to capitalise on any subsequent change in the banking and financial regulatory landscape!</p></blockquote><p></p>
[QUOTE="Jacob Miller, post: 77669, member: 5063"] The position that Credit Suisse finds itself in is extremely interesting - a real throwback, in many ways, to the sort of headlines we saw around the 2007-2008 financial crisis. The article is extremely detailed and, as such, I won't focus much on substantive content: I want to focus more on how applicants may look to discuss this phenomenon in interviews and during vacation schemes. First and foremost, the sort of fallout from the impending collapse, or even solvent restructuring, of any financial institution, is likely to result in substantial litigation as debtors and creditors jostle for position and contractual obligations are disputed. This presents a huge opportunity for firms with strong banking and financial litigation practices to ride this wave. On a more mid-long term note, any major FI running into challenges with liquidity and/or solvency, especially where it is so closely linked to lobbying problems such as those which are now to be subject to enquiry, almost invariably results in considerable regulatory change. Candidates may wish to explore how those firms with strong regulatory advisory practices may be able to capitalise on any subsequent change in the banking and financial regulatory landscape! [/QUOTE]
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Rolling the Credits: Credit Suisse Suffers a Double Whammy
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