Isda raises concerns over Russian netting laws
Despite the challenges involved, banks and brokers are excited by the progress being made to open up the Russian market
The International Swaps and Derivatives Association has raised concerns about landmark rules on close-out netting adopted in Russia earlier this year as part of an effort to open up the country's market for over-the-counter derivatives and foreign exchange.
On February 7, Russian authorities enacted new rules to ensure the enforceability of close-out netting arrangements in the event of the bankruptcy of a Russian counterparty. The rules follow on from a series of amendments that were made to
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