Pages from Don’t Stress! Get Ready for Distressed! (June 23, 2020)

A decade after the last credit crisis, our market has grown exponentially by every measure: notional traded, market participants, trade count and trade allocations, to name a few.  However, there is one area that hasn’t grown: the size of operations and legal teams, who are primarily responsible for closing distressed trades and managing the sizeable risk of open transactions.   This presentation was done by Michael Eliason, VP, Citigroup; Melanie Fitzgerald, Partner, Hunton Andrews Kurth; Bridget Marsh, EVP and Deputy General Counsel; Bill Melanson, SVP of Loan Settlements & Servicing, Oaktree Capital Management and Stacy Tecklin, Special Counsel, Katten

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