Technical Projects

INSOL International Financiers Group Special Report - What Will Next Time Look Like?

The INSOL International Financiers Group, devised this technical project to consider the impact of certain changes that have taken place since 2007 in financial institution regulation in relation to capital requirements and impairment recognition. The project invited comment from a number of different market participants on how these changes may affect the ability of banks to hold distressed debt; the increasing role in the market of alternative investors; the effect of this on the restructuring process (including the effect on debtors) and the behaviour of those credit and financial institutions in the next downturn as a result. This report includes responses from individuals from different types of institutions in the credit markets along with relevant professional firms.

Statement of Principles for a Global Approach to Multi-Creditor Workouts II 

This second edition of the ‘Statement of Principles for a Global Approach to Multi-Creditor Workouts’ was once again endorsed by the World Bank and the Bank of England as a valuable contribution to preserving value and benefiting creditors by having a statement of best practice for the international professional community.

The world of finance has of course changed significantly since the INSOL International Financiers  Group (formerly known as the ‘Lenders’ Group) first published the Principles over 16 years ago and the Group, which includes representatives from many different investment banks and funds from around the world, reviewed and updated the Statement of Principles to ensure that it reflects the changes that have taken place and the expanded financial community in today’s cross-border world of ever more complex financial restructurings.