Latest insights

The latest UK corporate governance code obliges listed companies to publish viability statements. Tom Teixeira, Managing Director of risk advisory services at Alvarez & Marsal, explains the key implications for boards.

The private healthcare growth story in India has largely been an urban phenomenon. This has led to a healthy supply scenario or even an oversupply scenario. This dwindling demand-supply gap in urban clusters and increasing private competition is likely to impact the operational and financial performance of private players. Managing optimal performance in such a complex and dynamic competitive environment calls for a structured approach towards hospital performance management.

This issue of A&M Readings in Quantitative Risk Management examines the Excess Capital Hypothesis (ECH), an explanation of the cyclical pattern of loan losses experienced by U.S. commercial banks and the related credit expansion and contraction. The paper tests five predictions of the ECH against the dynamics of Spanish loan markets in the 2000s.

On August 30, 2016, the European Commission announced a final decision on one of its key state aid investigations — Apple’s potentially favorable treatment by Ireland. The European Commission issued only a four-page summary for immediate public digestion, with the full ruling to be released at some future time after working through confidentiality requirements with both the company and the Irish government.

On August 24, 2016, the U.S. Court of Appeals affirmed the Tax Court decision in Shea Homes Inc. v. Commissioner, 142 T.C. No. 3 (Feb. 12, 2014). This opinion is one of the few recent significant taxpayer-favorable decisions, and its impact could be significant not just for homebuilders in similar situations.