Case Studies

Leading role working with financial institutions and industry regulators

We have played a significant role in assisting governmental and regulatory agencies on a range of matters as the financial crisis has spread and the need for unique policy tools and market intervention strategies has arisen. Key financial institutions have also turned directly to us for portfolio analysis and investment and risk management expertise.

Portfolio Valuation and Risk Assessment	Financial Advisory Services	Asset Management and Disposition
Provided advisory, structuring and risk assessment services with respect to capital relief and credit guarantee programs provided by U.S. and European central banks to major financial institutions	Advised Mitsubishi UFJ Financial Group with respect to its strategic investment in Morgan Stanley	Selected by the Federal Reserve Bank of New York to manage assets in a $30 billion facility provided with respect to the acquisition of Bear Stearns

Hired by the American International Group ("AIG") to perform risk assessment with respect to a wide range of matters, including its asset-backed CDS exposures

Selected by a leading bank holding company to provide advice and valuation services with respect to a $20 billion diversified credit portfolio managed by a partially-owned, European-based asset management

BlackRock structured and arranged for the purchase of $22 billion of U.S. RMBS from UBS by an FMA-managed Fund

Represented several monoline insurers on a wide range of fixed income products, to assist in evaluating various exposures and in counterparty negotiations

Worked closely with various government-sponsored enterprises and their regulators to provide loss estimates and capital adequacy assessments

Selected by the Federal Reserve Bank of New York to manage a portfolio of RMBS with a par value of approximately $39.3 billion in the case of Maiden Lane II. Maiden Lane II was created as part of the actions taken by the FRBNY in support of AIG

Provided valuations and loss projections on portfolios held by several European banks, including CDOs, convertible bonds, and non-dollar denominated ABS

Engaged by a European central bank to advise with respect to domestic banks' exposure to troubled loans in Eastern Europe

Selected by the Federal Reserve Bank of New York to manage a portfolio of positions in multi-sector CDOs with a par value of approximately $62.1 billion in the case of Maiden Lane III. Maiden Lane III was created as part of the actions taken by the FRBNY in support of AIG