Background
I have spent 20+ years pricing, structuring & hedging insurance protection to Global multinationals.
In 2006, before the Credit Crisis unfolded, I begun focusing on how enhancing risk profiles & risk visibility could improve decision-making under uncertainty & reduce risk premia in funding transactions. As an underwriter, companies who used high quality & timely risk information to prevent losses from crystallizing where rare. this is partly due to incentives & motivations which are the subject of a far bigger discussion taking place.
When the credit crisis begun to unfold in 2008, it was clear that those companies who had access to high quality risk information were able to navigate hazardous & uncertain economic conditions more assuredly than their competitors. Risk visibility played a significant role in assisting those companies.
Currently, governments and central banks are providing substantial but temporary support to the Global Financial System. Companies must prepare themselves for its eventual withdrawal. They must consider how best to strengthen relationships with key trading partners and bank funders whilst improving their resilience to external funding shocks.
I am successfully helping companies to reduce reputational risk,funding liquidity risk & systemic risk and reduce their funding costs whilst increasing the cash they can access.
Feel free to give me a call.
David McKibbin
20th May 2010
