Law firm of the year: Allen & Overy

Left to right: Paul Allan, Emma Dwyer and David Lucking

- Risk.net staff
- @riskdotnet
- 26 Jan 2023

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Among the many consequences of its invasion of Ukraine was Russia defaulting on its sovereign debt, an event that posed the biggest challenge to the credit default swap (CDS) market since the global financial crisis.

Given the size of Russia’s economy and global markets’ exposure to it, a default under any circumstances would have been a major credit event. It was estimated that, in March 2022 – a week into the war – gross notional swaps outstanding were in the region of $40 billion, while JP

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net