Netting is needed in Russia

Author: | Published: 1 Sep 2009

Despite many of Russia’s proposals to modernise its bankruptcy system being lauded, to be successful it needs to consider allowing netting.

"The permissibility of netting would have a huge impact on the industry, particularly on derivatives transactions. But it hasn’t happened yet," said Konstantin Kroll, partner at Allen & Overy in Moscow.

"Without netting, the risks on hedging multiple...