In a capital markets transaction, underwriters will seek to protect themselves against any potential liability caused by misinformation from the issuer. One way they can do this is by requesting a comfort letter from the issuer's auditors. In this video we introduced comfort letters, what they are, how they’re put together, when they’re provided and who can rely on them.
Key learning objectives:
What is a Comfort letter?
When is the comfort letter given in European capital markets transactions?
Who can rely upon a comfort letter?