BB&J has provided environmental consulting services to dozens of financial sector clients, particularly investment banks, national and regional banks, national and regional insurance carriers, insurance brokers, and venture capital firms. These engagements have served clients primarily located in the West, Midwest and Southeast regions of the USA. In providing environmental scientific and advisory services, BB&J has supported client positions as lender, foreclosing lender, buyer/seller, investor, discharger, insured, carrier, acquirer, trustee, appraiser, disposition officer, and owned real estate manager.
The firm has built a strong core competency by helping financial sector clients quantify environmental liability using probabilistic and business case analyses. BB&J’s work products have been used in impaired asset pricing, foreclosure decision making, real estate disposition, property valuation, insurance risk transfer analysis, insurance pricing, insurance claims settlement negotiation, investment risk and return analysis, impaired property appraisal, and related disputes and transactions.
During the course of liability valuation assignments, BB&J has incorporated core competencies from its other practices, particularly (1) compliance audits, (2) environmental investigations and pollution cleanup, (3) regulatory strategy and negotiations, (4) cost estimating, and (5) dispute resolution.
In the next five to ten years, economic pressures will change the US financial sector and its demand for services. Change agents and resulting regulations will include: (1) restructuring and consolidation of markets, (2) increasing regulation of credit and lender risk, (3) management of conditional asset retirement obligations, (4) the globalization of accounting standards and regulations, (5) the emergence of carbon dioxide as a regulated pollutant in the US, (6) the change to mark-to-model valuation, and (7) the importance of carbon tax and other value exchanges in business operations, cost, and strategy.
BB&J’s competencies in liability valuation, financial risk analysis, sustainable management, and regulatory analysis will be in high demand by financial sector clients seeking to develop profitable strategies in the face of this dynamic environment.