articles: Restructuring & insolvency

Restructuring could radically reduce your capital requirements

For some insurers, acquisition activity has created legal entity structures with a number of different underwriting platforms and locally regulated subsidiaries across jurisdictions. This can result in the cost and inefficiency of multiple regulatory rules, relationships and returns and, when the solvency requirements of all the various subsidiaries are added together, an aggregate capital requirement that can be much higher than that of a single consolidated business.

Regulatory intervention: what next for the CFD industry?

An article discussing the concerns raised over the risks posed to retail investors from the provision of speculative products such as CFDs. It has been widely publicised, that the regulators are considering intervention, including possible measures such as leverage limits, guaranteed limits on client losses or restrictions on the marketing and distribution of these products.

How strong is your supply chain?

While businesses are obviously vulnerable to the loss of major customers, they can also be badly affected by the collapse of a key supplier. Reviewing your supply chain can give piece of mind about your ongoing ability to meet your own customers’ expectations.

The Budget 2016 – video summary

A sugar-coated Budget for the next generation

In the uncertain global economic environment, the Chancellor’s deficit-reduction goals have become more challenging. But he still managed to strike an up-beat tone when delivering “a Budget that puts the next generation first”.

Keeping control of the wheel during tough financial times

As shipping companies and the offshore oil services industry feel an increasing financial squeeze, management teams need to take proactive action to keep control of their future.

The offshore oil services industry, for example, has been under pressure since the collapse in the oil price, enduring low charter rates. That pressure will only increase following Iran’s agreement to curb its nuclear programme in return for the removal of sanctions. Crude oil from Iran is not expected to flow freely for several months, but when it does the offshore industry will face even greater challenges in meeting existing debt obligations and conserving cash. Offshore oil services companies would be well advised to take a close look at the options available to them before creditors start taking action for themselves.

An Autumn Statement for “rebuilding Britain”

Five years since delivering his first spending review, George Osborne spent over an hour delivering his 2015 Autumn Statement. He repeatedly stated the Government’s intent to build public services, infrastructure, national defences and strong public finances.

Cash is King

According to the April edition of the Bank of England’s ‘Trends in Lending’ report, “overall, the rate of growth in some measures of the stock of lending...

The Autumn Statement – what can we expect?

The Chancellor of the Exchequer will deliver his Autumn Statement on Wednesday 3 December. This will provide an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility, which will be published the same day.

Big changes to strike offs

The Small Business, Enterprise and Employment Bill is currently making its way through parliament and, unfortunately, there are certain aspects of this proposal that are a cause for real concern.
 

Phillip Sykes shares R3 concerns regarding Small Business Bill

The bill includes a number of measures the government has been consulting on as part of the Red Tape Challenge and a recent consultation on insolvency regulation. We very much welcome the majority of the proposals which aim to update existing legislation. Indeed, proposals to simplify reports on director conduct in insolvencies is an area where we have been campaigning for reform for a number of years.

Is the care industry hedged out?

Since 2012, many property-related SME businesses, including care homes, have found themselves in a state of limbo awaiting the outcome of the FCA review into the selling of interest rate hedging products (IRHPs).
IRHPs were designed to help customers manage fluctuations in interest rates and to fix the cost of borrowing and repayments. 

The Budget 2014 – summary

In a speech full of sound bites, the Chancellor’s 2014 Budget repeated past themes – the need to build a resilient economy and for Britain to live within its means. But his dominant message was new: this was a Budget for “the makers, the doers and the savers”.