IFF is part of the Knowledge & Networking Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa

Risk Management Post-Brexit

Resource type: Webinar, Topics: Risk Management, Brexit
Clive Corcoran and Andrew Street in conversation about one of the main reasons the risk landscape demands extra analysis: what happens after Brexit.
Date: 27 Sep 2018

An Apple Inc Case Study: Quantitative and Qualitative Disclosures About Market Risk

Resource type: Article, Topics: FinTech
This is a short exercise which looks at 12 questions and possible answers based on Apple’s September 2017 report to shareholders.
Date: 11 Sep 2018

Errors Frequently Encountered in Valuations

Resource type: Article, Topics: Corporate Finance
From the observation of a number of valuations where Discounted Cash Flow (DCF) has been implemented, there are a number of errors that are commonly encountered.
Date: 30 Aug 2018

How to Value an Agribusiness

Resource type: Article, Topics: Corporate Finance
Whatever valuation methods theoretically suggest should be its value, an agribusiness, like anything else, is only worth what is paid for it.
Date: 05 Jul 2018

Game Changers in Private Equity

Resource type: Article, Topics: Corporate Finance
One mantra that has historically been associated with the cynic’s view of private equity is ‘buy cheap, do it up and sell expensive’. This assumes that there is just a single time bounded deal with clearly defined entry and exit points. However, this somewhat simplistic view has been challenged with reference to one of the largest private equity deals, Kraft Heinz (Buy. Squeeze. Repeat., Fortune, February 2017, Geoff Colvin).
Date: 02 Jul 2018

Lehman Brothers: A Case Study in Asset& Liability Management

Resource type: Article, Topics: Risk Management
In many ways, Lehman Brothers serves as an iconic example of what went wrong with our financial system in the years leading up to the crisis. These deficiencies were not limited to Lehman. Rather, they were widespread and far-reaching problems in the basic structure of our financial system
Date: 05 Jun 2018

Addressing Tail Risk within FRTB

Resource type: Article, Topics: Risk Management
This paper examines some pivotal concepts that are provided in the risk calculation methodology within the FRTB documentation provided by the Basel Committee on Banking Supervision (BCBS).
Date: 05 Jun 2018

Learn the Language of Project Finance

Resource type: Article, Topics: Project finance
Are you confident with all your Project Finance terminology? Review our glossary.
Date: 03 May 2018

New Merger Boom, New Financial Analytical Imperatives

Resource type: Article, Topics: Corporate Finance
This article summarises some key points of interest from the authors’ book "Masterminding the Deal: Breakthroughs in M&A Strategy & Analysis".
Date: 19 Apr 2018

Turning Points

Resource type: Article, Topics: Risk Management
This article looks at how we can spot turning points in markets. It's not easy, but there are indicators such as VIX index, 200 day moving average, real yields, credit premium and earnings growth that can provide some guidance.
Date: 21 Feb 2018

Private Equity - The African Perspective

Resource type: Article, Topics: Corporate Finance
If private equity is considered a niche asset class, then private equity in Africa can reasonably be considered a niche within a niche. Despite this, it is an area that is attracting significant interest, and all from relatively recent beginnings.
Date: 20 Feb 2018

The 10 Key Ways to Use Blockchain in Banking

Resource type: Article, Topics: FinTech
This report introduces the reader to the ‘B L O C K C H A I N in Banking Model’ which attributes one initial letter to each of the 10 key ways to use Blockchain in Banking. The ‘B L O C K C H A I N in Banking Model’ expresses the high degree of complexity with which DLT (Distributed Ledger Technology) is attached and associated to financial services.
Date: 20 Feb 2018

Inflection Point Woes Postponed

Resource type: Article, Topics: Investment Management
In considering how global investment markets have evolved over the past year we get a surprisingly different view than how the world looked in early 2017. Growth and corporate earnings seem the story of the day now, the US credit cycle is seemingly elongated, and tighter spreads on credit seems to go hand in hand with healthy economic growth, with an added tailwind of low inflation.
Date: 13 Feb 2018

An Interview with David Gyori, Blockchain in Banking Trainer

Resource type: Article, Topics: FinTech
DLT (Distributed Ledger Technology) is coming and it is coming fast. We can’t stop it, we can’t even slow it down, the only thing we can do is to learn it and win it.
Date: 25 Jan 2018

Jurisdiction

Resource type: Article, Topics: Corporate Finance
For many years it has been market practice for lenders to document that they may take proceedings against counter-parties (borrowers, guarantors, security providers) in whatsoever jurisdiction those lenders choose, but if the borrower commences proceedings it must be exclusively in a single jurisdiction (e.g. the courts of England & Wales).
Date: 30 Nov 2017

Collapse of a Hedge Fund

Resource type: Article, Topics: Risk Management
In 1998 Long Term Capital Management which had two Nobel Laureates as directors and advisors created a significant financial crisis when it collapsed as a result of mismanagement of arbitrage strategies with fixed income instruments. The case study outlines the nature of the strategy and the reasons behind the fund’s meltdown.
Date: 06 Nov 2017

Equity Bridge Financing

Resource type: Article, Topics: Project finance
There is an increasing trend in project financings for Sponsors to defer their capital contribution to the Special Purpose Vehicle (SPV) by having the SPV raise 100% debt financing during the construction phase of the project. At practical completion, the equity component of the long-term arrangements (say 30%, for example) is then subscribed. But does this deliver a higher value outcome for the Sponsor, if all other factors are the same?
Date: 06 Nov 2017

The 15-Minute Coach: Coaching for Great Work

Resource type: Article, Topics: Skills Tips
“Do more coaching” is easy in theory and difficult in practice for the time-stretched manager. A recent study found that, even with managers trained in coaching skills, fewer than 25% of people receiving coaching said it was having a significant impact on either performance or satisfaction.
Date: 19 Sep 2017

Top Tips to Better Negociation

Resource type: Article, Topics: Skills Tips
Sean Sidney gives you his best tips to reach a win-win outcome in every negotiation.
Date: 19 Sep 2017

Insurance Linked Strategies for Pension Funds

Resource type: Article, Topics: Investment Management
The following gives some feedback concerning ILS Investment for an institutional investor and answers several of the most current questions of interest to new investors to the asset class.
Date: 04 Aug 2017

Regtech: Automating Regulation Using Blockchain Smart Contracts

Resource type: Article, Topics: FinTech
The shift into what could be called core "regtech" (a term coined by Treleaven) is conceived as an assemblage of technology-enabled components. There are five distinct parts: an intelligent regulatory advisor as a front end to the regulatory handbook; automated monitoring of online and social media to detect consumer and market abuse; automated reporting using online compliance communication and big data analytics; regulatory policy modelling using smart contract technology to codify regulations and assess impact before deployment; and automated regulation employing blockchain technology to automate monitoring and compliance.
Date: 01 Aug 2017

Peeling the Blockchain Orange

Resource type: Article, Topics: FinTech
Blockchain is surrounded by mysteries and misbeliefs which are making it harder to implement it in a professional, beneficial and profitable way in banking. Getting rid of these mysteries and misbeliefs – i.e. peeling the Blockchain orange – unveils a technology which is remarkable, but has to be treated just like any other investment within banking: rationally and with a focus of profitability.
Date: 01 Aug 2017

Corporate Credit Review

Resource type: Article, Topics: Corporate Finance
The USA is reporting the best employment rates in the last fourteen years. The general consensus for high yield (non-commodity) defaults to hover around 4%, way off the 15% during the Global Financial Crisis.
Date: 18 Jul 2017

The Seven Immutable Laws of Investing

Resource type: Article, Topics: Investment Management
Valuation is the closest thing to the law of gravity that we have in finance. It is the primary determinant of long‐term returns. However, the objective of investment (in general) is not to buy at fair value, but to purchase with a margin of safety.
Date: 10 Jul 2017

The Mislaid File: a Case Study

Resource type: Article, Topics: Corporate Finance
Corporate/Lender relationships span over large vistas of time. It is therefore not surprising that on occasion important documents become accidentally lost, destroyed or mislaid. What are the repercussions? Consider the following scenario.
Date: 26 Jun 2017

JP Morgan & the London Whale Losses

Resource type: Article, Topics: Risk Management
In this case study we examine the circumstances surrounding the more than $6 billion loss which arose from trading activities by J P Morgan Chase during 2012. The case study illustrates the failures by the US financial regulators who were empowered to monitor the risk management practices of the bank but were demonstrably deficient in their supervisory roles.
Date: 06 Jun 2017

Inflection Point Woes

Resource type: Article, Topics: Investment Management
Seemingly above trend growth when added to the potential of fiscal stimulus (with resulting rate hikes, inflation and dollar strength) can causing some major market overheating in 2017 and 2018 (if we are not already there).
Date: 01 Jun 2017

The Run on Northern Rock

Resource type: Article, Topics: Risk Management
In examining liquidity risk an excellent case study of what can go badly wrong during periods of market stress for financial institutions is provided by the run on Northern Rock in 2007. This was a regional bank within the UK which specialized in providing residential mortgages as well as having branch operations which provided basic “banking” services including deposit taking to many retail customers throughout the UK.
Date: 01 Jun 2017

Benchmarking and Credit Spreads - A Bonds Exercise

Resource type: Article, Topics: Derivatives & Trading
This article looks at how benchmarking is used to determine credit spreads. Benchmarking is a tool used in relative value analysis: it determines whether an asset is cheap or expensive and it’s used extensively in the bond markets.
Date: 28 Mar 2017

Consequences of Language Misuse

Resource type: Article, Topics: Corporate Finance
Understand how errors in processing quantitative analysis can come from the misuse of language.
Date: 06 Jan 2012