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Optimising Distressed Loan Books: Practical solutions for dealing with non-performing loans by John Michael Sheehan

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1. How Distressed Debt Escalates Out Of Control

The 2008 Western financial crisis exposed fundamental structural problems with the prevalent banking model, particularly in relation to the increase in the concentration of risk to real estate. Technology and innovation had run ahead of the underlying risk fundamentals that drove the core business. Mathematical models and statistics prevailed over experience and common sense. The combination of a cyclical real estate crash, loss of confidence and an economic downturn was too much for the financial system to handle.

Widespread devastation of Western bank balance sheets made the task of maximising non-performing loan recoveries harder than anything that the current generation of banks had ever ...

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