Foreign Exchange Risk in 2016: Laying the Foundations for Managing Value
Company boards, Audit Committees and shareholders are increasingly considering risk management strategies in relation to foreign exchange, questioning whether their current strategy remains relevant in changed and changing market conditions. This article explores the key foundations to managing risk.
The Hidden Costs of Non-Zero Interest Rate Floors in European Variable-Rate Debt Facilities
Floors above zero percent in leveraged finance transactions are not nearly as prevalent in Europe as they have been in the USA, but they have featured in an increasing proportion of European deals in recent years. The rationale for a floor is simple enough...