“You need someone that is able to do project management and face off with your institution in a way that is open and transparent.”- Michael Cherkasky, Exiger Chairman and the Monitor of HSBC
As both mandated and self-imposed monitorships become more common, monitored entities must prepare for this type of oversight and the challenges it may bring. A monitor may require redeployment of resources, potentially resulting in significant business disruption, and recently, a debate has broken out over public access to reports compiled by government appointed monitors.
In a recent webinar co-hosted by RANE and Exiger, a panel of experts, including Exiger Chairman and the monitor of HSBC Michael Cherkasky, deconstructed monitorships to help attendees understand the role of a monitor, how they are selected, what the rules of engagement may be, and how companies can realize the benefits of working with a monitor.
To listen to the full recording of the monitor of HSBC sharing best practices for working effectively with a Monitor: Click Here
For more on Exiger’s Monitorship Advisory capabilities: Click Here.
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