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Supplement: Information Management - Information Reload - The Credit Crisis Has Prompted A Surge Of Litigation, Forcing Organisations To Disclose Huge Swathes Of Information. Banks Must Get Their Houses In Order, And Rethink Their Information Management P.
From:
The Banker
| Date:
July 1, 2008
| COPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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The history of economic downturn is marked by an upsurge in litigation. The present credit crisis - prompted by the collapse of the US subprime mortgage market - is proving no exception.
Indeed, the general consensus that much of the crisis is owed, in the large part, to avoidable misjudgement, miscalculation and weak oversight - on the part of multiple, variously entwined parties - will ensure that litigation is a prominent feature of this particular episode. Littered as it already is with mass repossessions, liquidations, major write-downs, the demise of several major hedge ...
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