– British high court throws out bid to revalue collateral
– Repo and securities lending positions were between Landsbanki Islands and Raiffeisen
– Landsbanki Islands had defaulted on the trade
The full story is available from Institutional Investor here: http://www.institutionalinvestor.com/article/3671091/banking-and-capital-markets-banking/collapsed-icelandic-bank-loses-legal-challenge-over-trades.html#.WPiNCTKZPuQ