
Financial services focus
It is a sporting truism that it is far harder to be axed from the England football squad than it is to be included in the first place. Unfortunately, a similar tendency is apparent with risk factors in public listings of securitisation transactions. While this is true across a range of issues, it is particularly true with risk factors relating to geopolitical events and concerns. Of course, the travails of the financial markets since 2008, the unique nature of the Scottish independence referendum and the shock of the Brexit vote have given much to consider in this respect.