Banks facing new wave of CDO litigation

Banks and securities firms could be hit by a wave of new litigation, as they are still not properly explaining to investors the full risks associated with collateralised debt obligation (CDO) investments, said speakers at an industry conference yesterday.

Widespread litigation is more likely to occur in the event of another credit dislocation similar to that witnessed last year, said panelists speaking at the Derivatives and Risk Management Europe conference in Monte Carlo, hosted by Credit’s sis

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