The New Liquidity Risk

WATERS BRIEFING

While many in the US enjoyed the dwindling summer days, the mortgage industry suffered a liquidity crisis on a huge scale. In the weeks that followed, three CEOs from major Wall Street firms stepped down due to poor risk management and colossal write-downs. In October, Waters hosted a breakfast briefing entitled Liquidity Risk: The Myths and Reality of Managing Liquidity Risk. Our panel consisted of Maureen Callahan, a consultant from Callahan Co.; Brad Anderson, a consultant and former vice

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