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RegulationsMay 2 2023

Asset recovery in cases of fraud: is it possible?

Even in cases of fraud, it is still possible to get redress, argues Mark Cooper.
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Asset recovery in cases of fraud: is it possible? Image: Getty Images

Most financial services institutions have portfolios of impaired assets. Some of these are subject to restructuring or other workout arrangements.

Some, however, are so impaired – perhaps by fraud or other wrongful acts – that the only way to mitigate losses is to take action against the counterparties.

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