Research
Passing The Buck
Estimating pass-on damages.
Fideres’s affiliated academic expert Prof. Sorin M. Sorescu and co-author Mark J. Flannery, have published an academic paper presenting an in-depth analysis of the failure of Silicon Valley Bank and the broader implications of interest rate increases on the US Banking sector.
This new research shows that, once un-booked losses are fully taken into account in the banks’ balance sheets, a majority of US banks – representing over half of US banks’ assets – would be unable to meet their minimum regulatory capital requirements.
The paper is now available for download on SSRN by clicking here.
Robert Chang, Head of Fideres’s Securities Litigation practice, is a financial market expert with extensive and broad-ranging experience in the areas of securities, commodities, derivatives and structured finance.
Since joining Fideres in 2014, Robert has been instrumental in helping institutional and retail investors to recover billions for his consulting and expert testifying work in over 30 landmark financial market investigations and litigations. His most recent successes include a $508 million partial settlement in the ISDAfix interest rate benchmark class action and a €1.4 billion settlement of securities fraud claims against Steinhoff International Holdings NV (second largest against a European issuer accused of securities fraud).
Robert’s team help law firms, regulators and investors across the globe in litigations and other disputes, from the initial claim filing, through dismissal, discovery, expert testimony and settlement. On his team, Robert is often the main architect for groundbreaking analyses and models used in key filings and testimonies.
Robert completed his MSc in Risk Management and Financial Engineering at Imperial College with distinction. Prior to this, he obtained a BSc Economics degree with distinction from Shanghai University of Finance and Economics.
Estimating pass-on damages.
Damage estimation in data breach litigation.
When government bonds are auctioned in the same way in Europe and the US, the same potential for manipulation exists in both regions.
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