| Table of Contents: | | | | GEOGRAPHIC REGIONS : International, Asia, Russia, United States | | | | TOPICS : economy, banking, debt, derivatives, energy, regulation | | | | SIGNIFICANCE : As the credit crunch continues to buffet financial markets, concern about a particularly noxious form of counterparty credit risk -- wrong-way risk -- has grown acute. The increased likelihood that counterparties in hedging transactions will fail just when these hedges are most needed, or most valuable, has prompted billions of dollars of writedowns and broader systemic risk fear |
|