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Alan Goodrich

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Alan Goodrich - Goodrich analytiX Ltd

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Trends in Financial Services

Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.

Anyone got 1 Euro to spare..?

28 January 2008  |  4534 views  |  0

On 5th March 1995 Dutch banking and insurance group ING bought Barings for £1 and assumed liabilities of over $600m.

According to some McKinsey research presented by Mark Lawrence at a PRMIA event I attended in London on 18th December 2006, based on a sample of more than 350 operational loss events, normalized for industry performance, the decline in market capitalisation that can be expected after an actual loss is 12x the actual loss after 120 days.

This would mean that in about 4 months SocGen's market cap, currently c. €32.641bn, will have declined by 12x €4.9bn, or €58.8bn - which, oh dear, isn't possible.

So, in the meantime, anyone got €1 to spare?

 

TagsRisk & regulation

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job title Managing Director
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Founder and owner of Goodrich Analytix Ltd.

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