UK collateralised loan obligation (CLO) managers have adapted their risk retention structures in response to the EU referendum vote, effectively ‘Brexit-proofing’ their structures in the event of a full Brexit where UK firms do not continue to enjoy financial passporting rights into the EU.
It is a sporting truism that it is far harder to be axed from the England football squad than it is to be included in the first place. Unfortunately, a similar tendency is apparent with risk factors in public listings of securitisation transactions. While this is true across a range of issues, it is particularly …
Continue reading “Getting real – the seven deadly sins of risk factors”
‘It was ambition that made me decide to leave Barclays,’ declares self-confessed deal junkie Michael Shaw, who resigned from his role as the bank’s deputy general counsel in the summer of 2015. Shaw was eager to pursue a weightier leadership role after six years serving as the ‘apprentice’. Bob Hoyt had succeeded Mark Harding as …
Continue reading “Profile: Michael Shaw, The Royal Bank of Scotland”
I’ve been lucky. I didn’t always want to be a lawyer. I used to party a lot; I liked going out. I always have done. In my twenties my girlfriend suggested I do something with my life instead of faffing around. She binned me.
Stefan Stern forecasts that GCs will be forced to address a renewed attempt to fix what ails governance in UK plc Who knew that the staid term ‘corporate governance’ could create so much excitement? That Latinate phrase seems designed to reassure: ‘governance’ suggests order, calm, and mastery. But the chaps in the boardroom – and …
Paul Gilbert argues that AI has become a marketing gimmick that obscures the shortcomings of legal teams. The words ‘artificial intelligence’ bother me. I want to have a little rant about the words, but I also want to challenge the way in-house lawyers approach technology. On the words, I can legitimately stand accused of using …
Days after the August bank holiday weekend, the former head of the British Civil Service, Gus O’Donnell, returned to Whitehall to catch up with former colleagues and host a live broadcast titled The Leavocrats on Radio 4.
It turns out that the next risk front facing business and promising to reshape the role of general counsel is a piece of legislation notorious among lawyers for having no teeth and little direct liability for companies.
Should you tweet? How do you relate to the mysterious breed of co-workers called millennials? How should lawyers navigate the rampant office politics of a major plc when they make the move in-house?
It is possible artificial intelligence will change all our working life immeasurably in the next 20 years. It might put us all out of work; nobody knows. Even if it did happen in 20 years’ time, it is of no use to me in the way that I do my job right now and not …