Financial Institutions

Trade surveillance has become an essential tool for detecting unusual activity in financial transactions. Vega Economics has extensive experience in this area and we have worked on the leading edge of data driven analysis for trade surveillance and monitoring. Check out our Trade Surveillance Capacities brochure for more details.

As we look back on our practice throughout 2021, we are proud of the variety of issues our work has covered. We had the opportunity to support several outstanding experts from a variety of disciplines and welcomed several new experts to our network. You’ll learn more about our work last year in this brochure, our 2021 Year in Review.

Our featured expert Gary Strumeyer is a former CEO/President of Bank of New York’s Broker Dealer, author of three books on the capital markets, and is currently a Professor of finance and economics.

The Journal of Portfolio Management has named Vega's expert Petter Kolm "Quant of the Year" for 2021! This award recognizes a researcher’s history of outstanding contributions to the field of quantitative portfolio theory.

In a recent American Arbitration Association proceeding, Dr. Andrew Zuppann and Vega Economics were retained by claimant's counsel to provide an expert analysis regarding the respondents' regulatory violations in the origination of mortgage loans.

Our Featured Expert, Charles Porten is an expert in the portfolio management of hedge funds and mutual funds, as well as due diligence procedures and fund compliance issues.

Mr. Castro is an expert in mortgage origination, underwriting, servicing, mortgage banking. He also specializes in ABS, RMBS, CMBS, CDOs, CLOs, REITs, ABCP, SIVs, and other Structured Finance products.

Regulatory and enforcement agencies, market exchanges, and at least one private party have brought legal actions for alleged spoofing in futures markets. To meet applicable standards of proof, attorneys are increasingly turning to expert testimony regarding statistics and econometrics to prove and refute spoofing allegations in litigation.

Experts testifying in conflict resolution proceedings at the ICSID should ideally be familiar with this forum’s unique rules and procedures. Vega affiliate Richard George has testified as an expert before ICSID on issues concerning generally accepted international banking practices. 

Our featured expert, Haim Kassa, is is an expert in the areas of investments and portfolio management and he is experienced in the design and testing of trading strategies using historical firm level data from the stock, bond, and option markets.

Recent SEC accounting guidance reclassifying SPAC warrants as liabilities instead of equities has drawn new attention to SPACs. In light of these developments, we discuss SPACs and SPAC warrants.

Vega is experienced in analyzing rating methodologies and various other issues surrounding complex securities through the lens of the rating agencies. This brochure highlights our experience and how we can assist on cases involving any rating issues as this litigation continues to develop.

Vega has worked with numerous major financial institutions and analyzed issues related to all aspects of complex financial products. We will be your best ally in navigating the LIBOR transition given our deep institutional knowledge and advanced technology solutions.

Vega expands on our November publication Looking Forward: the CMBS Litigation Landscape, and discusses the trends in CMBS, the key players in the market, and potential claims that may arise in litigation.

Using proprietary tools, Vega creates customized datasets from a range of sources and deliver our analyses with clear and informative visualizations. To illustrate the automated tool we developed we highlight three example visualizations that we periodically update using our automated data tools.

The Vega team has analyzed the available deal documents for the market's first MBS backed by SOFR-indexed loans and identified the relevant risk disclosures and replacement terms.

Vega anticipates that many cases will be filed regarding CMBS trusts following the COVID-19 economic shutdown. Our team of economists present information regarding possible expert analyses relevant to this space and select experts that can assist in these matters.

Morgan Stanley Mortgage Loan Trust 2006-14SL, Mortgage Pass-Through Certificates, Series 2006-14SL and Morgan Stanley Mortgage Pass-Through Certificates, Series 2007-4SL v. Morgan Stanley Mortgage Capital Holdings (N.Y. Sup. No. 652763/2012).

NCUA v. UBS Securities, LLC, et al. (D. Kan. No. 12-cv-2591) and NCUA v. Credit Suisse Securities (USA) LLC, et al. (D. Kan. No. 12-cv-2648).