Specific company know-how can help in devising the best solutions for maximising the value of the firm’s assets – provided that the restructuring process can be insulated from the denial and over-optimism that may have contributed to poor loan underwriting in the first place.
The shadow banking system, made up of investment banks, money market funds, finance companies, and investors in a wide range of debt securities, provided a large part of the credit that fueled our economy. When panic set in, it froze lending in banks and non-banks alike and produced funding pressures across a wide range of markets and institutions.