{
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  "docSlug": "dbdccf38f348d30329a221e87607f70f",
  "documentTitle": "Lehman Brothers | Investor Event Presentation Deck | 65 slides",
  "authorId": "lehman-brothers",
  "authorName": "Lehman Brothers",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2007-08-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 42,
  "pageCount": 65,
  "prevPage": 41,
  "nextPage": 43,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "The slide contrasts internal risk management processes (Tight Oversight) with quantitative risk assessment metrics (Risk Exposure).",
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  "slideHref": "/slides/019de06f-3284-770f-8f8c-49b46b0b588d/42",
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      "kind": "callout",
      "text": "Areas of Increased Focus",
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      "kind": "list",
      "text": "Dedicated risk manager for residential Americas origination platform; Monthly risk review process; Extensive risk reporting, scorecards, and tools; Stress testing on a weekly, and monthly basis; All warehouse lines are collateralized and margined on a daily basis; The Firm has a process for monitoring exposure to Representations and Warranties fraud along with Early Payment Defaults",
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      "text": "Daily Risk Appetite calculation includes event risk number that stresses sub-prime residuals by approximately a 25% increase in loss assumptions; Current Event Risk calculated at 95% confidence level is $81 mm; Weekly non-agency mortgage scenario analysis reflects impact on sub-prime of widening spreads by 50% and increasing losses on securities rated single B and below by 25%; The potential loss net of hedges is $379mm; Monthly global Firmwide stress tests consist of 13 different scenarios; The three worst case scenario indicates potential losses ranging from $186mm to $292mm",
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      "kind": "title",
      "text": "Subprime Exposure",
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      "name": "Cost Of Inaction",
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      "evidence": "The presentation highlights the firm's subprime exposure and the potential consequences of not addressing it.",
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