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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
Management risk 85
crisis was not easy. While the sale of CIT helped boost Tyco’s cash level to about $7
billion, nearly half of its short-term debt, which by then stood at $13 billion, was
coming due by the end of 2002.
As previous estimates of cash flow continued to be downsized, it looked like Tyco
could come up way too short of what it needed.
And there was still an awful lot of uncertainty, because lower margins and higher
tax rates cut its earnings.
Companies that have gone through similar pains know that fire sales are no good
way to raise cash, though they are evidence of bad management. Being squeezed for
cash to the point of oblivion, T ...
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Publisher Resources

ISBN: 9780750659093