Copal Partners Blog Counterparty Risk: A Multifaceted Risk

The 2008 subprime crisis, the failure of Lehman Brothers, and the collapse of the banking system worldwide exposed the entire industry, particularly financial institutions (FIs), to a new, complex, and dynamic set of risks known as counterparty credit risk (CCR). The total global default on debt (mostly in the financial sectors, primarily banks and insurers) [...]