Bradley Wendt published an article entitled “The Municipal Bankruptcy Crisis: Lessons from Detroit,” which appeared in The Bond Buyer. The article discusses the lessons Detroit presents as a large municipal bankruptcy with respect to the municipal bond market.
Managing private markets risk for US banks
The Bank of England’s (BoE’s) second System-Wide Exploratory Scenario (SWES) tests how stress in private equity (PE) and private credit (PC) could transmit...