CDS trades litigation possible for funds

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Over five years on from the financial crisis, how has the litigation landscape changed?

It is a statement of obvious fact that the financial services industry has been exposed to extraordinary pressures. At the beginning of the financial crisis, it was a question of survival: a number of banks considered systemically important were bailed out by the taxpayer; others, such as Lehman, were allowed to fail – and we all still bear the scars from those decisions.

In the intervening period, much has b

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