Starting in late 2006, numerous subprime mortgage lenders have experienced severe financial distress. Rising interest rates, slower house price appreciation, and increasing delinquencies and defaults by borrowers form the backdrop. These difficulties have led to investigations by regulators, bankruptcy filings, and litigation from securities holders.
Practical steps for compliance leaders amid evolving risks
The current environment of economic uncertainty, coupled with shifting regulatory priorities and evolving compliance risks, is changing the corporate...