When Counterparties Fail

Special Report

When Bear Stearns collapsed in the spring of last year it completely changed the thinking of risk managers across the globe. Gone were the days when capital markets firms could simply focus their attention upon the risks of financial products blowing up. Buy- and sell-side firms now had to ask the question: Will the firm we are doing business with still be around tomorrow?

Anyone misguided enough to believe that it could still be "business as usual" in the capital markets after the demise of Bear

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