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RegulationsFebruary 3 2004

Disasters: Why experts fail to predict them

Why do experts fail to predict company failures such as Parmalat, Enron and WorldCom? To find out, The Banker invited credit and rating analysts and auditors to a roundtable discussion to explore the issues. The discussion got quite heated as the finger was pointed at the various parties and a proposal to change the way underwriters get paid was put up for debate

by The Banker Editor

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The participants were:

Sam Theodore, head of European bank ratings at Moody’s

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