"Distressed Debt Investors — Get Ready for Comprehensive Assessment Results" by Jon Kibbe and Julia Lu

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October 22, 2014

At noon Central European Time this coming Sunday, October 26, 2014, the European Central Bank will release the results of its “Comprehensive Assessment” of the financial health of major banks in the European Union. Many European banks will be forced to respond by producing and executing comprehensive plans to reshape their balance sheets - we believe this will result in significant sales of stressed and distressed loans and other credit instruments. This should create a tremendous opportunity for distressed investors, and will likely improve the overall health of the European distressed debt trading market.

In this client alert, "Distressed Debt Investors - Get Ready For Comprehensive Assessment Results," Richards Kibbe & Orbe LLP partners Jon Kibbe and Julia Lu discuss the potential effects of the ECB's Comprehensive Assessment and possible responses of the banking sector.

Please click here to read the client alert.