Legal clouds hang over RWA-driven netting push


At first glance, there is not much to unite Azerbaijani oil companies, French covered bond vehicles and the Church of England Pensions Board. Actually, there isn’t much to unite them at second glance either – but what they share is the fact that they have all recently been the subject of a push by banks to obtain netting opinions for individual derivatives users, or classes of user.

This is not new behaviour – there have always been certain counterparties that are not covered by the country-leve

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: