Banking & project finance©2018 IFLR 201160Banking & project financeUS or Swiss approach for EU crypto regulation?The EU has provided little guidance and is yet to establish a regulatory framework, but other jurisdictions could provide direction, 22 Feb 2018 15:45:00 GMTPRIMER: the EU Banking UnionThe project’s supervision and resolution pillars are up and running, but progress is less clear when it comes to the deposit scheme, 22 Feb 2018 11:00:00 GMTIFLR Europe Awards 2018: shortlist revealedThe deals and teams in competition for IFLR's EU awards this year are now live, 16 Feb 2018 13:45:00 GMTPRIMER: ICO regulation in AsiaThis IFLR primer looks at a hot topic that is dividing regulators across the region, 13 Feb 2018 11:45:00 GMTNew Look CFPB refocuses enforcement and supervision prioritiesThe consumer finance watchdog has made a number of radical changes since Mick Mulvaney was appointed in November, 12 Feb 2018 22:30:00 GMTRemoving Volcker for smaller banks will reduce compliance costsA proposed Senate bill would lead to a selective application of the rule, 08 Feb 2018 20:30:00 GMTFirst UK RMBS sukuk attracts institutional investor interestAl-Rayan Bank's sukuk has elements of both Islamic finance and conventional residential loan securitisation, 08 Feb 2018 16:00:00 GMTPRIMER: banks and cyber security (part 1)Given the changing nature of digital threats, complying with very broad legislation can prove a challenge, 08 Feb 2018 08:45:00 GMTShould the ECB abandon its bond buying programme?It’s expected to stop in September, but with low inflation and recent global stock market turmoil, is this the right time?, 06 Feb 2018 11:00:00 GMT2018: business as (un)usual – a look at European financial & regulatory developments into 2018What's in store for EU and UK financial services entities this year? Morrison & Foerster and IFLR take a look at some key developments to expect, 06 Feb 2018 10:00:00 GMTPRIMER: G-sibs and SifisA recent bill from the US Senate has proposed raising the threshold used to define a G-sib, 02 Feb 2018 08:30:00 GMTDEAL: first agricultural commodity blockchain transactionDistributed ledger technology helps cut costs, time and human error, 30 Jan 2018 08:00:00 GMTUS Sifis: asset-based approach under fireFormer OCC head Keith Noreika and Massachussetts' securities regulator William Galvin share their views on the proposed redefinition of a large bank, 29 Jan 2018 15:00:00 GMTPSD2 gives banks chance to evolveThe revised rules could trigger a huge shift in banks’ business models, 26 Jan 2018 10:00:00 GMTDEAL: Colombia’s first private project finance projectThe deal reopens the project finance industry after the Lava Jato scandal halted activity for more than a year, 23 Jan 2018 15:45:00 GMTPRIMER: Islamic finance & sukuk explainedIFLR kicks off 2018 with a primer on Islamic finance, analysing differences with conventional funding mechanisms, 19 Jan 2018 09:30:00 GMTEU audit agency casts shadow on ECB crisis management planThe independent auditing body has recommended that the bank improve guidance and apply objective criteria, 18 Jan 2018 12:00:00 GMTDEAL: first Malaysian sukuk to monetise real estate project billingsSkyWorld's issuance is structured specifically to make property cash flows more efficient, 16 Jan 2018 12:00:00 GMTBasel III: how some banks will lose outThe recent reform could impact some lenders more than others and have a destabilising effect, 15 Jan 2018 09:00:00 GMTDEAL: MENA region’s first Reit sukukReal estate trusts have mainly resorted to conventional debt financing, making this Islamic finance-based issuance a landmark deal in the region, 09 Jan 2018 17:15:00 GMTDEAL: largest ever African infrastructure project financingThe $4 billion Nacala Corridor rail and port project comprised four borrowers, greenfield and brownfield sites, and numerous legal challenges, 08 Jan 2018 17:00:00 GMTSpecial report: The future of European bank resolutionThis landmark survey from Practice Insight reveals in-house lawyers' thoughts on everything from the BRRD to what will cause the next crisis, 19 Dec 2017 11:00:00 GMTFintech could enhance small business lendingNew technologies are emerging that could improve the sector, but regulators are yet to address cyber concerns, 19 Dec 2017 09:15:00 GMTCouncil, ECB at odds over NPL planBad loans continue to blight EU economies. The Central Bank's plan to deal with the issue is facing one of its first hurdles, 07 Dec 2017 09:00:00 GMTDodd and Frank join CFPB debateThe collective minds behind the Dodd–Frank Act have outlined that Mick Mulvaney’s appointment as temporary director is contrary to the statute's original intent, 04 Dec 2017 07:00:00 GMTBanks put FRTB on holdHeads of regulatory strategy say that transatlantic uncertainty and an unworkable Brexit timetable have forced them to pause implementation, 29 Nov 2017 13:00:00 GMTEXCLUSIVE: Q&A with former OCC acting Comptroller Keith NoreikaKeith Noreika on his successor, the CFPB, fintech, Volcker and his future, 28 Nov 2017 16:15:00 GMTNoreika would consider CFPB director roleActing Comptroller Keith Noreika would jump at the chance to head up the regulator, he has told IFLR, 23 Nov 2017 12:45:00 GMTFSOC and Sifi designation reform welcomedRecommendations by the Treasury on how to improve the FSOC are reasonable, well thought out and in line with the agency’s natural progression, 22 Nov 2017 17:00:00 GMTOCC must continue to push for fintech charterState-level regulation of fintech start-ups could lead to more financial crime, but who will emerge as the principal watchdog of the sector is up for debate, 21 Nov 2017 11:15:00 GMTPRIMER: Chinese NPLsA cheat sheet on non-performing loans in China and what can be done to prevent them from escalating, 17 Nov 2017 02:15:00 GMTDistressed M&A risks in AsiaThe region is seeing an increasing number of NPL-inspired deals, but the opportunities are laden with risks, 14 Nov 2017 10:00:00 GMTHoldco/opco interpretation drives sub debt confusionIt’s unclear if asset managers understand the difference between contractual and structural subordination, 10 Nov 2017 08:30:00 GMTPRIMER: US Treasury ReportsIFLR looks at the three US Treasury reports that have been released to date, and how they may (or not) change financial regulation, 10 Nov 2017 08:30:00 GMTPRIMER: bank capitalIFLR's latest primer looks at how the requirement for banks to be able to absorb losses on their own has evolved since the financial crisis, 03 Nov 2017 08:30:00 GMTDEAL: Qantas’ loan with switchable collateralThe Australian airline will be able to mix and match aircraft used as security to achieve regular pricing adjustments, 02 Nov 2017 12:30:00 GMTChina tightens lending rules againSpeaking at the recent 19th National Congress of the Communist Party of China, the banking regulator wants to crack down on shadow banking, NPLs and online lending, 27 Oct 2017 11:00:00 GMTFrance breaks banking monopoly for alternative lendersLegacy banks are unhappy that investment funds are now able to lend money to French corporates, 27 Oct 2017 09:00:00 GMTFinancial services must embrace tech to surviveSpeakers at SIFMA’s annual conference outlined the importance of technology to continue business growth, and called on regulators to play their part, 26 Oct 2017 10:00:00 GMTChina needs to relax fintech rulesRegulations are playing catch-up with fast-paced technology changes in the sector, 24 Oct 2017 10:00:00 GMTChinese P2P lenders face IPO scrutinyRegulators are cracking down on online lenders in a bid to protect consumers and financial sector stability, 23 Oct 2017 09:45:00 GMTIFLR Fintech Asia 2017 forum: key takeawaysAll the highlights from IFLR's October 19 Fintech Asia forum, 20 Oct 2017 09:15:00 GMTIFLR Americas awards 2018 - call for nominationsGet in touch now to submit your nomination for next year's IFLR Americas awards, 19 Oct 2017 09:15:00 GMTIFLR’s Middle East Awards 2017: winners revealedAllen & Overy scoops international firm of the year at the 12th annual Middle East Awards, 18 Oct 2017 12:30:00 GMTASIC commissioner: fintech streamlines bank back officesFintech companies and banks can work together to make financial services more efficient, according to the Australian regulator's John Price, 12 Oct 2017 05:00:00 GMTBrexit will benefit Asia-PacPolitical events combined with the droves of financial regulation being rolled out in the west will boost the region, 10 Oct 2017 03:00:00 GMTIFLR Asia Awards 2018 – call for nominationsThe research process has started to find the most innovative deals in Asia - get in touch!, 09 Oct 2017 13:15:00 GMTECB gets tougher on NPLsThe latest proposals, which would have banks bear the costs of keeping bad loans on their books, come with unanswered questions, 09 Oct 2017 09:30:00 GMTFintech NYC forum: key takeawaysAll the highlights from IFLR's Fintech NYC event on September 27: the future of blockchain, leveraging regtech, automation to support compliance and more, 03 Oct 2017 17:30:00 GMTBanks are running out of time on FRTBA perfect storm of late rules, Brexit and political change is rendering the existing timeline practically impossible, 03 Oct 2017 12:00:00 GMTECB’s Nouy: EU bank resolution needs national focusThe current rules to restructure failing banks have proved they are reliable. But they need to be part of wider improvement effort in financial institutions’ health and, importantly, mentality, 29 Sep 2017 13:00:00 GMTComing soon: a guide to Italian NPLsOrrick finance group, coordinated by Patrizio Messina, assesses the country’s innovative approach to bad loans, ahead of the firm’s upcoming book on the subject, 28 Sep 2017 16:00:00 GMTCompanies bank on blockchain bonds to cut costs, timeIssuers are eyeing distributed ledger technology to reduce the financial and documentation burden associated with traditional instruments, 26 Sep 2017 08:15:00 GMTPRIMER: Dodd-Frank and stress testingThis week’s primer looks at why stress testing is necessary in the US banking sector, and where it stands today, 22 Sep 2017 07:45:00 GMTThe financial crisis, 10 years onA decade after the global banking sector came close to collapsing, the regulatory and litigation landscape has changed significantly, 13 Sep 2017 16:00:00 GMTLiving will extension prompts market reliefThe Fed and the FDIC have extended the deadline for submitting resolution plans to a number of foreign banks in the US, 11 Sep 2017 17:00:00 GMTDEAL: landmark Bangladesh power plant financingThe project, the country’s first PPP with a foreign investor, is a vote of confidence in the developing market, 08 Sep 2017 15:00:00 GMTPRC regulator blames fraud for ICO banChina’s central bank has taken drastic steps to ban what it says is a disruption to the local financial market, 08 Sep 2017 14:30:00 GMTPRIMER: General Data Protection RegulationThis week's instalment assesses market concerns around the incoming EU data rules, 31 Aug 2017 12:00:00 GMTNigeria's NPL plans are a work in progressEfforts to establish an active distressed debt market have raised concerns over security and loan recovery, 25 Aug 2017 09:15:00 GMTOCC looks to recalibrate Volcker RuleThe regulator wants to establish if the rule is fit for purpose - to the delight of most of the market, 15 Aug 2017 08:45:00 GMTDEAL: Cemex’s $4 billion refinancingThe deal helps the cement producer turn the page on a tumultuous time with more flexibility and more agreeable pricing, 14 Aug 2017 16:45:00 GMTPOLL: what should replace Libor?Vote now on the homepage to have your voice heard, 10 Aug 2017 17:00:00 GMTPRIMER: the Volcker RuleIFLR's latest primer provides insight into the future of the much-debated US regulation, 10 Aug 2017 10:30:00 GMTLife after Libor: what next for interest rates?The FCA administered the infamous rate’s inevitable coup de grâce last week, but replacing it won’t be easy, 01 Aug 2017 12:00:00 GMTGreen loans are catching onInnovation in the European market is driving issuance, but preferential prudential standards could be the boon the asset class needs, 01 Aug 2017 09:00:00 GMTBlocked CFPB rule ‘a gift to class action lawyers’Supporters of the provision, which has been blocked by the house, say it is essential for consumer rights, 28 Jul 2017 15:30:00 GMTPOLL: the future of European bank resolutionTake the survey now to have your voice heard, 20 Jul 2017 14:30:00 GMTDEAL: Argentina resumes power project finance fundingInternational lenders are slowly returning to fund infrastructure projects in the LATAM nation after years of economic uncertainty, 18 Jul 2017 11:30:00 GMTMarket misreads HK new bail-in powersSome believe their capital could be at risk under the resolution regime, a problem the government is keen to clarify, 18 Jul 2017 11:15:00 GMTPRIMER: the Bank Recovery and Resolution DirectiveIn the first of our new series of primer articles, IFLR explains the BRRD basics and what the Italian and Spanish case studies could mean for investors, 17 Jul 2017 16:15:00 GMTDana sukuk: why the market is overreactingA problem with one issuer won't undermine the entire Islamic debt market, 14 Jul 2017 10:00:00 GMTMnuchin non-US prudential standards spark debateThe Treasury’s suggestion that foreign banks should be judged on their US assets alone has created tensions between industry organisations, 04 Jul 2017 13:00:00 GMTBrexit studies: the good, the bad and the ignorantReports from Afme, Clifford Chance, Linklaters and Aeriandi have highlighted problems and suggested solutions. It's unclear whether the government is listening, 04 Jul 2017 12:00:00 GMTPOLL: Asia’s biggest Mifid II compliance concernsAs the deadline looms, the region is struggling with the extraterritorial nature of the rules. IFLR asks what's troubling the market most, 04 Jul 2017 09:45:00 GMTFirst HK-led token sale tests local lawsThe first Hong Kong-led cryptographic token sale has put the territory's relevant laws to the test, 03 Jul 2017 11:45:00 GMTVenetian banks’ bailout undermines BRRD credibilityThe cleanup was carried out as a liquidation, not a resolution, which suggests EU rules are not taken seriously enough, 30 Jun 2017 11:15:00 GMTCov-lite keeps growingSome think the changing investor base means vast parts of the market have outgrown maintenance covenants, 29 Jun 2017 15:30:00 GMTDEAL: Mozambique’s $5 billion FLNG projectThe troubled African nation has ring-fenced this landmark project to shield it from the country’s risk of sovereign default, 21 Jun 2017 04:30:00 GMTTreasury report could spell end of CHOICE ActMost of its recommendations don't need Senate approval to go live, and could also threaten current Obama-era regulation, 16 Jun 2017 11:00:00 GMTEU/US diverge on leveraged lending capThe plans will push riskier lending into unregulated domains, 16 Jun 2017 10:30:00 GMTHow capital misallocation is hurting ChinaMarket participants have urged the government to address the issue, which has exacerbated the PRC's bad debt problem, 16 Jun 2017 10:00:00 GMTEurope Women in Business Law Awards: 2017 winnersAll the highlights from last week's awards in London, 16 Jun 2017 09:30:00 GMTBitcoin arbitrage on Asian regulators’ radarThe steady increase in cryptocurrency trading in the region could be a direct consequence of investors' offshore strategy, 09 Jun 2017 12:00:00 GMTBasel IV: where is the US?The global committee of regulators has indicated an agreement is imminent – but without the US’ input it could be little more than posturing, 06 Jun 2017 11:45:00 GMTCFTC could go further in regulating fintechSome market participants have highlighted the initiative's limitations including that the regulator doesn't have enforcement powers to ensure its application, 06 Jun 2017 11:15:00 GMTDEAL: France’s first PPP refinancingFunding for the contract to manage the MoD's new Paris HQ now includes a securitisation and better terms for bank debt, 02 Jun 2017 10:15:00 GMTAsian regulators differ on framework for bitcoin operatorsJapan and South Korea have taken different approaches to the supervision of digital currencies, 31 May 2017 11:30:00 GMTPOLL: Is the SSM working?Failure or success? This month's poll asks if Europe's banking supervision system is fit for purpose, 24 May 2017 16:15:00 GMTMexico could benefit from fintech regulationThe country will likely become a LATAM hub for financial services if it tightens up regulation in that sector, 23 May 2017 11:30:00 GMTAsia’s low LEI adoption threatens post-Mifid II inclusionThe region has the lowest adoption rate of such identification codes globally, which could impact financial transactions taking place next year, 22 May 2017 16:00:00 GMTCleary grabs top spot at the IFLR Americas AwardsAll the highlights from last week's ceremony in New York, 19 May 2017 09:30:00 GMTForeign banks remain subject to regulation-laden PRC underwriting processA CBRC circular may have exempted offshore banks from its oversight but other regulators still expect to be actively involved, 09 May 2017 12:15:00 GMTEurope deals of the year: loansMuch of the creative work sought to maximise flexibility in credit agreements or cut transaction fees by amending existing facilities for acquisition financing, 08 May 2017 13:00:00 GMTEurope deals of the year: project financeSome of the most exciting innovations came in the renewables market – these included landmark solar stations and wind farms, 08 May 2017 13:00:00 GMTEsma tackles post-Brexit regulatory arbitrageThe EU authority is determined to stop the race to the bottom, despite member states’ denial of improper behaviour, 05 May 2017 08:45:00 GMTPassporting fears push market to Brexit-proof loansThe Loan Market Association’s designated entity clause is one way the market is reacting to the likely loss of some key EU rights, 03 May 2017 11:30:00 GMTVince Cable: Brexit is a body blow for the CityThe former business secretary said at an event on April 27 that while London is full of resilient institutions and creative people, businesses must get wise to the reality, 28 Apr 2017 12:00:00 GMTDebate rages over Choice Act 2.0The April hearing on the newly-released update has sparked partisan debate about the value of the act and the underlying causes of the crisis, 28 Apr 2017 09:30:00 GMTPRC regulator intervention prevents debt recovery effortsChinese creditors are seeing their efforts to enforce rights and foreclose loans weakened by increasing government oversight, 25 Apr 2017 12:30:00 GMTCyber and regulation key obstacles to fintech innovationBanks’ heightened risk aversion is preventing collaboration with smaller tech firms, 25 Apr 2017 11:15:00 GMTIFLR Europe awards 2017: winners revealedAll the winning deals, teams, firms and individuals from last week's ceremony at the Savoy in London, 21 Apr 2017 11:00:00 GMTDEAL: First commercial energy storage system projectLender CIT and developer Macquarie Capital expect this technology to take off as battery systems become more reliable, 12 Apr 2017 08:45:00 GMTKenya banks ready for licence moratorium liftingThe central bank looks set to lift the controversial ban after making progress in boosting governance and financial stability, 11 Apr 2017 08:00:00 GMTJapan pushes forward with risky first loan to IraqThe Middle Eastern country's unstable political and economic situation has some worried about the prospect of repayment, 10 Apr 2017 15:15:00 GMTFrankfurt surges in Brexit battle for London’s businessFragmentation is the clearest conclusion so far, suggesting the European banking system is set to get significantly more complicated, 06 Apr 2017 08:00:00 GMTRegtech must serve a purposeInnovative new technology like artificial intelligence is exciting but it must solve a problem that already exists, according to speakers at IFLR’s Fintech Europe forum, 03 Apr 2017 14:30:00 GMTIFLR Fintech Europe: key takeawaysIn case you missed it, here are the key discussion points from yesterday's forum in London, 31 Mar 2017 11:00:00 GMTDEAL: Aus first solar portfolio acquisition and financingEdify Energy closed funding for some of the country's first large-scale projects which attracted a trio of international lenders, 31 Mar 2017 10:45:00 GMTMarket rejects Glass-Steagall’s returnPresident Trump’s suggestion to re-instate Glass-Steagall has been dismissed by many market participants, 28 Mar 2017 12:15:00 GMTECB’s NPL guidance raises hopes and concernThe measures to address the EU's growing NPL problem are a departure from its previous prescriptive stance. But questions surround the role of servicers, 28 Mar 2017 10:45:00 GMTUK bankers still struggle with conductA third of staff at banks said they see a conflict between their employers' stated values and the way business is done – but there are some positives, 23 Mar 2017 08:30:00 GMTChina’s new cyber law could impede data transfersA requirement to keep all personal and critical data onshore could pose some difficulties for companies doing business in the PRC, 22 Mar 2017 16:30:00 GMTFintech could solve Sharia contracts' puzzlesPanellists at the Finnovasia 2017 Conference in Kuala Lumpur explained how Islamic finance could benefit from the nascent industry, 21 Mar 2017 09:30:00 GMTCompetition builds for blockchain-based software solutionA new US industry initiative is vying for position in the growing smart contract sector, 14 Mar 2017 10:30:00 GMTAnti-corruption high on global banks' agendaFinancial institutions are warning foreign businesses operating in India not to fall short of anti-bribery rules, 14 Mar 2017 10:15:00 GMTDEAL: Banks Renewables wind farm financingThe £210 million deal has combined commercial bank debt with institutional investment for the first time on a project that’s not yet operational, 14 Mar 2017 09:00:00 GMTMorocco opens up to Islamic bankingEfforts to introduce shariah-compliant banking in the north African country have been a long time coming. It chose a controlled opening of the market as its strategy, 10 Mar 2017 15:15:00 GMTIndia’s new payment banks need a regulatory boostThe introduction of digital payments on a national scale can only be successful with the government's support, 02 Mar 2017 11:00:00 GMTGreen sukuk are comingThe two asset classes are a perfect fit, but the appetite of Islamic investors for risk and innovation is limited, 28 Feb 2017 07:30:00 GMTHow conduct agenda is reshaping financial servicesA focus on behaviour may boost liquidity by improving clients’ understanding of how markets work, 23 Feb 2017 15:00:00 GMTEU payment services rules spur new regulation in JapanThe Asian country is looking to a new European directive regulating intermediary businesses to drive its own fintech sector, 17 Feb 2017 14:30:00 GMTPBOC uses blockchain technology to combat money launderingCritics say the Chinese central bank's e-money initiative is not what a cryptocurrency is for, 14 Feb 2017 09:30:00 GMTEBA bad bank plan gets mixed responseThe early-stage proposal could be a moral hazard for countries that have already sought to address their NPL problems, 13 Feb 2017 18:00:00 GMTTrump’s proposed Dodd-Frank rollback unpickedThe executive order goes beyond repealing the post-crisis legislation. The US' role within global rulemaking is also under threat, 13 Feb 2017 14:45:00 GMTBrexit white paper hints at third country equivalence status for UKThe government has clarified a few points surrounding the future of UK financial services but uncertainty remains, 06 Feb 2017 11:00:00 GMTRecord low FCA fines in 2016 were an anomalyDeutsche Bank’s AML penalty announced this morning shows the remarkably low total is not a reflection of policy change, 31 Jan 2017 10:15:00 GMTEffects of India's cash crackdown still uncertainThe government's decision to tackle corruption may not have had the desired effect, 31 Jan 2017 09:00:00 GMTDEAL: India’s first synthetic rupee-denominated margin loanThe issuance is a first on many fronts, and could help further open the local PE market, 26 Jan 2017 17:00:00 GMTDEAL: Fonterra’s multi-currency loan from Bank of ChinaThe dairy group is the first New Zealand company to tap China's DCM for financing, 24 Jan 2017 13:00:00 GMTBanks’ Brexit relocation plans hit by internal strugglesRelocation strategies are being slowed by differing priorities across teams, according to a London-based in-house at a US bank, 20 Jan 2017 11:00:00 GMTMay threatens financial centre model in Brexit speechMarket participants have interpreted the speech as a threat to pursue a free market financial centre model if access via equivalence is not granted, 17 Jan 2017 14:00:00 GMTIndia’s demonetisation drive squeezes capital deploymentThe country's withdrawal of 500 and 1,000 rupee banknotes from circulation has left banks wary of onshore investment, 17 Jan 2017 11:45:00 GMTDEAL: Europe’s first certified green loanStrasser Capital has opened the market to institutional investors with a 20-year transaction, 17 Jan 2017 11:30:00 GMTDEAL: Bahrain’s first LNGIt’s also the first time a project like this has been done on a PPP basis in the Middle East – all without enabling legislation, 12 Jan 2017 16:30:00 GMT5AMLD: EU crypto-currency framework draws closerDigital money use may be on the rise but EU regulatory efforts have not yet caught up, 11 Jan 2017 11:45:00 GMTRegulatory focus sharpens for UK crowdfundingThe FCA may take action after finding evidence that a number of platforms didn't manage investor money properly, 11 Jan 2017 11:30:00 GMTChina’s capital flight crackdown could have undesired effectsThe government's FX squeeze may have the opposite effect of stimulating investor demand for foreign capital, 06 Jan 2017 08:45:00 GMTBrexit: market access poll – have your sayIFLR is asking the market its views on the best approach for the UK on passporting, equivalence and clearing, 16 Dec 2016 11:00:00 GMTFed’s final TLAC rule releasedEnding too-big-to-fail has been a goal of the regulators since the financial crisis. The US central bank's final rule is a giant step in the right direction, 16 Dec 2016 09:45:00 GMTUS bank sector round-upHere’s what you missed – or couldn’t digest – as the year’s end rush gains pace, 13 Dec 2016 09:45:00 GMTUS financial services industry outlines Brexit concernsThe US financial services industry has expressed specific concerns over the UK’s eventual exit from the EU, 08 Dec 2016 09:30:00 GMTFirms urged to be proactive on cyberRegulators across the globe are upping the stakes for firms that don’t have adequate protections in place. Thinking the risk relates to technology alone is the first mistake, 02 Dec 2016 16:30:00 GMTRegulatory regionalism expected in 2017As 2016 draws to a close, a debate is raging as to whether international and transatlantic financial regulatory coherence can survive the coming year, 02 Dec 2016 10:45:00 GMTAre big banks more profitable?The market is divided. While some argue scale is necessary to survive, others say solidity can be more important, 02 Dec 2016 10:30:00 GMTOCC’s Curry: bank capital robustThe head of the OCC has said the US bank sector’s high capital levels can contain the depth of the next downturn, 02 Dec 2016 09:00:00 GMTKing: no need for international frameworkThe former governor of the Bank of England has questioned the need for internationally-derived bank regulation, 01 Dec 2016 10:00:00 GMTIndia's demonetisation move sparks debt concernsModi's decision to remove high-value cash from circulation may backfire, leading to increased public debt, 29 Nov 2016 13:15:00 GMTWEBINAR: Brexit and the search for consensusJoin the leading financial services lawyers on December 20 for a crucial roundtable discussion on the best approach to Brexit, 29 Nov 2016 12:15:00 GMTCWT: focus on Trump’s appointmentsThe law firm has attempted to shed light on Trump's financial deregulation aims through the lens of his appointments. It won't be easy, 28 Nov 2016 21:45:00 GMTHFT still divides opinionTwo central bank reports have come up with conflicting approaches to regulating the practice. There is still little consensus after years of discussion, 25 Nov 2016 13:45:00 GMTCRD V holdco plans are political not substantiveThe Commission's proposals have led to claims that certain aspects represent a retaliatory response to US regulatory standards, 23 Nov 2016 17:45:00 GMTNYC’s cyber security rules raise concernThe DFS' effort is by far the most specific regulation ever in US cyber - an outlier rather than part of a trend, 23 Nov 2016 14:45:00 GMTRace for EU fintech lead is onThe introduction of a fintech-friendly law will likely give Switzerland a competitive edge, although EU jurisdictions are also in the running, 18 Nov 2016 15:45:00 GMTViability of Norway model for the UK debatedFinancial regulator head Morten Baltzersen says it’s been satisfactory for the Nordic country to have a voice but not a vote. The UK has made it clear that's not its position, 17 Nov 2016 13:00:00 GMTSweden boosts ADB lending capacityThe country's Ministry of Foreign Affairs' agreement to guarantee sovereign loans in Asia has opened new doors for multilateral financing, 15 Nov 2016 11:15:00 GMTFCA’s competition powers: the in-house viewIt’s been 18 months since its remit expanded, and the regulator has just opened its first case. Lawyers under its supervision reflect on the progress so far, 15 Nov 2016 11:00:00 GMTTrump: prospects for VolckerThe president-elect is expected to abolish the Rule but there is no certainty yet as to what shape its undoing might take, 14 Nov 2016 20:00:00 GMTTrump: future of Dodd-FrankWith his focus firmly set on deregulation, the new US president-elect could look to shelve the landmark legislation, 11 Nov 2016 22:45:00 GMTMarket split on Commission’s equivalence threatLawyers are divided over the significance of suggestions that the EC plans to review the process. Some say it should be adjusted since it wasn't drafted with Brexit in mind, 10 Nov 2016 15:45:00 GMTMacau’s new RMB hub status requires a regulatory overhaulThe city aims to attract clearing platforms but outdated financial laws are holding it back, 01 Nov 2016 07:00:00 GMTDEAL: Bahrain’s first benchmark-size sukuk issuanceThe Gulf country's hopes of attracting further international investment to curb the slump in oil revenues should be boosted by its $1 billion issuance, 31 Oct 2016 12:30:00 GMTIceland's long-term capital controls challengedThe island's decision to lift eight-year old restrictions has not been welcomed by all, 28 Oct 2016 15:30:00 GMTUK regulators face sharp criticismA scathing report has called out financial services regulators for their post-crisis approach. FCA chief Andrew Bailey says it is downright offensive, 28 Oct 2016 13:00:00 GMTKorea’s capital relaxation is no boost to banks’ loss absorptionThe financial regulator has introduced new capital ratio relaxation rules but there is little expectation of a boost to lender profitability, 28 Oct 2016 10:30:00 GMTFCA won’t support post-Brexit deregulationNew chief Andrew Bailey outlined his position on the concept of a lighter-touch approach to maintain competitiveness at an October 26 event, 26 Oct 2016 14:15:00 GMTDEAL: First all A$ term loan B financingThe deal also breaks new ground as the first A$ TLB governed by Australian law. However, any lasting effect on the national market still remains to be seen, 21 Oct 2016 10:30:00 GMTDEAL: Heta Asset ResolutionThe Austrian bad bank put new EU resolution rules to the test for the first time, 21 Oct 2016 09:30:00 GMTKey takeaways: FinTech Asia 2016: Navigating legal risk and regulationAll the highlights from IFLR's first Asia fintech event. Topics discussed include the role of Hong Kong as a fintech startup hub, relationships with corporate partners, and cyber resilience and information sharing, 20 Oct 2016 13:15:00 GMTFed: blockchain is transformativeFederal Reserve Governor Lael Brainard believes distributed ledger technology comes with both risks and opportunities for the financial sector, 18 Oct 2016 14:45:00 GMTChina tightens debt-to-equity swap programmeThe government has moved to prevent banks from being directly involved in swaps, further restricting solutions available to tackle the country's mounting bad debt problem, 18 Oct 2016 09:00:00 GMTUS banks warned of hard BrexitPolicymakers, counsel, regulators and industry participants gathered in New York have been warned that the prospect of a 'hard Brexit' looks increasingly likely, 13 Oct 2016 21:15:00 GMTDEAL: Moscow City Ring Road section 3A $2 billion motorway construction concession deal has closed in Russia, the only such project so far for 2016, 13 Oct 2016 09:00:00 GMTDEAL: Hinkley Point CThe financing structure for Europe’s biggest-ever infrastructure project has changed drastically since negotiations began in 2008, 10 Oct 2016 07:45:00 GMTOver-reliance on stress tests raises legality concernsConcerns have emerged regarding EU stress tests, notably regulators' dependence on them to determine a bank’s financial viability, 04 Oct 2016 10:15:00 GMTKorea’s internet-only banks could lose outPolitical wrangling over the proposed revision of the country’s Banking Act could leave the future of online-only banks hanging in the balance, 04 Oct 2016 07:30:00 GMTInconsistent rules and NPLs hamper India's credit ratingA lack of legislative consistency is damaging India's credit rating, with poorly drafted rules and tax treatment of non-Indian investors causing particular concern, 03 Oct 2016 16:30:00 GMTFed eases risk assessments for regional banksThe US central bank is relaxing the regulatory burden for regional institutions, a move that has raised some practical questions in the market, 30 Sep 2016 21:30:00 GMTCC’s Bates: Brexit to create regulatory competitionBrexit will create fragmented financial markets, with the UK and EU also likely to become regulatory competitors, according to speakers at a recent Sifma event in New York, 28 Sep 2016 11:45:00 GMTReviving EU project bondsCredit enhancement initiatives are restoring investor confidence, helping boost infrastructure projects, 20 Sep 2016 00:30:00 GMTFCA's investigations hire sign of changeThe appointment of Michael Welch suggests the regulator is looking to learn alternative investigative techniques after recent criticism, 19 Sep 2016 23:45:00 GMTInternationalisation of US bank regulation questionedThe Clearing House Association is questioning the automatic internationalisation of US bank rulemaking, 19 Sep 2016 22:45:00 GMTIslamic finance boosts cleantech project developmentShariah-compliant funding structures are increasingly being used for renewable energy projects across MENA. Here are the techniques to consider, 19 Sep 2016 00:15:00 GMTRegulatory mismatch threatens China NPL plansCentral and local governments have taken inconsistent approaches over the country's RMB1 trillion debt-to-equity swap policy, 09 Sep 2016 09:15:00 GMTGFMA report warns of Basel III and IV risksA Global Financial Markets Association report has suggested a cost-benefit analysis of existing and proposed regulations, 02 Sep 2016 22:15:00 GMTLobbying tips for a post-Brexit worldBritain’s vote to leave the EU has created a rare opportunity for a legal overhaul. Here’s how to engage with the decision makers effectively, 01 Sep 2016 17:00:00 GMTKorea's P2P plans must be bindingThe country's regulator has taken its first steps in protecting its peer-to-peer loan industry. But the approach has been dismissed as lenient, 01 Sep 2016 10:30:00 GMTPoll: helping sukuk take offThis month’s poll considers what’s holding Islamic bonds back from the mainstream. Vote now on the homepage, 24 Aug 2016 11:15:00 GMTTesting loan participation agreements in the UKLoan asset holders are faced with risks when a distressed lender can’t meet its funding obligations. But there are ways to mitigate the dangers, 23 Aug 2016 12:45:00 GMTHow Brexit will impact leveraged loansAlthough the vote does not have any legal force in the short term, there will be changes felt in the market – in volumes, volatility and documentation, 23 Aug 2016 11:00:00 GMTHK bitcoin heist ignites intervention debateThe territory’s regulators are struggling to address increased risks of virtual currency trading, 23 Aug 2016 10:15:00 GMTNSFR questioned by US banksThe financial services industry is urging the country’s regulators to seriously reconsider the proposed net stable funding ratio rule, 22 Aug 2016 21:00:00 GMTEIB test drives new tool on A8 motorwayThe deal sets the template for future use of the bank’s new senior debt credit enhancement instrument, part of its 2020 Project Bond Initiative, 22 Aug 2016 14:30:00 GMTBail-in recognition clauses decryptedThe BRRD mandates EU entities to insert bail-in clauses in any contract they agree with non-EU parties. This could pose some difficulties in practice, 09 Aug 2016 13:30:00 GMTTough standards hamper India's NPL disposal effortsThe country's government has made public debt containment a national priority but recent laws may not have the expected effect on the soured loan issue, 09 Aug 2016 11:30:00 GMTMB sukuk hopes to kickstart Oman marketA late starter in the Islamic finance market, the GCC country is putting new shariah-compliant bond regulations to the test, 08 Aug 2016 17:45:00 GMTMexico pipeline financing sets regional templateA two-stage financing of a natural gas pipeline in the country is being welcomed as a landmark transaction in the energy market, and a template for future deals in LatAm, 04 Aug 2016 22:15:00 GMTEskom secures largest syndicated A/B Loan in AfricaThe African Development Bank has loaned $1.34 billion to the South African utility. The loan is guaranteed by the government of South Africa, under international law provisions, a first in commercial banking deals, 26 Jul 2016 10:15:00 GMTBanks harbour doubts about new Privacy ShieldTransatlantic data transfers will now be governed by a new agreement. But uncertainty remains surrounding its exact scope, 22 Jul 2016 17:15:00 GMTInside Rio Tinto's mine expansion financingOvercoming red tape and delays, the firm has revived Mongolia’s mining sector with the expansion of the country’s largest open-pit mine, 21 Jul 2016 18:00:00 GMTHK's first hybrid peer lending fund explainedManagers in Hong Kong have tested strict internet financing regulations to establish the city’s first fund-type peer-lending platform, despite transparency issues, 18 Jul 2016 14:15:00 GMTPOLL: The challenges of Basel IVThis month's poll asks which element of the Basel Committee's proposals could prove the biggest challenge for US banks, 15 Jul 2016 17:00:00 GMTWakalah-compliant sukuk first explainedMalaysia’s Sime Darby Berhad’s successful application of the wakalah principles to a perpetual sukuk has broken new ground, 13 Jul 2016 14:00:00 GMTSingle Supervisory Mechanism: 18 months onDespite some teething problems with transparency and efficiency, the ECB’s ambitious project has been a broad success, 12 Jul 2016 10:00:00 GMTNSFR could hit bank lendingThe Clearing House has released research contending that the ratio is an unnecessary and costly part of the post-crisis regulatory framework, 11 Jul 2016 21:15:00 GMTIndian public banks to struggle in loan clear-upThe government’s crackdown on non-performing assets has been criticised by market participants, who believe that meeting the 2017 deadline will be a daunting task, 11 Jul 2016 17:30:00 GMTInternal risk model squeeze faces backlashRegulators are pushing a new standardised approach. It's been met with opposition in the US, 05 Jul 2016 18:00:00 GMTUS counsel cautiously optimistic over BrexitThe key areas of uncertainty for US banks include their future in the UK, the immediate implications for the US economy, and the future regulatory agenda in Europe, 01 Jul 2016 22:30:00 GMTAsia’s currency markets hit by Brexit uncertaintyAs Britain’s vote to leave the EU causes currency fluctuations in major economies across Asia, uncertainty surrounds how the Chinese market will respond in the long term, 28 Jun 2016 12:30:00 GMTGerman MEP: UK equivalence will be ‘poor and burdensome’Member of European Parliament Markus Ferber said that in voting to leave the EU, the UK has voted to leave the single market too – and must accept the consequences, 28 Jun 2016 10:30:00 GMTKashkari: US banks still too-big-to-failThe Federal Reserve Bank of Minneapolis president has said that large US banks remain TBTF, and also slammed the US TLAC plan, 27 Jun 2016 16:15:00 GMTIndonesia’s power sector hampered by enforcementNegotiating terms for power plant projects with state-run operators in the country remains a difficult task for foreign investors, 21 Jun 2016 10:45:00 GMTFed: US banks face choice on sizeIs the shrinkage of US banks an intentional result of regulation? Federal Reserve governor Jerome Powell thinks they have a choice to make, 15 Jun 2016 02:00:00 GMTPhilippines set to bolster virtual currency rulesThe country plans to tighten its cyber security rules, four months after it was implicated in one of the world’s biggest cyber heists, 14 Jun 2016 12:30:00 GMTEU sovereign debt rules risk damaging yieldsThe proposed regulation, aimed at breaking the doom loop between banks and their governments, faces a long road ahead, 14 Jun 2016 10:15:00 GMTWhy Financial Choice Act won't replace Dodd-FrankCongressman Jeb Hensarling has unveiled legislation designed to undo 2010's bank reform. Counsel say it’s unlikely the Act will proceed, 13 Jun 2016 22:00:00 GMTUS counsel fear EU light touch advantageAs the region indicates renewed support for its universal banks, US market participants fear competitive advantage emerging from Europe, 13 Jun 2016 21:30:00 GMTEXCLUSIVE: Lord Mervyn King on the future of regulationThe former governor of the Bank of England speaks exclusively about his new book, The End of Alchemy, transatlantic coherence and why monetary policy is not always the answer, 07 Jun 2016 14:30:00 GMTSubstantial new G-Sib capital requirements unveiledFed governor Jerome Powell has revealed more stringent rules for global banks and said the surcharge will be incorporated into stress tests, 06 Jun 2016 09:00:00 GMTTransparency lacking at EU bank supervisorsMarket participants say that for integration to work, the ECB must make more information available. But the real value of the data remains unclear, 31 May 2016 11:30:00 GMTUS bank stress tests too stringent, opaqueA recent report is calling for greater transparency in US bank stress tests, which are a valuable tool but can have wider unintended consequences, 31 May 2016 09:00:00 GMTBitcoin definition remains unclear under new billCounsel in Japan say the new bill fails to define the nature of a virtual currency, with some arguing that bitcoin should be treated as formal tender, 31 May 2016 08:45:00 GMTMultilaterals must collaborate to spur private fundingSpeakers at the ICMA’s annual conference in Dublin debated how to fill the $5 trillion funding hole facing global infrastructure projects, 19 May 2016 23:15:00 GMTChina’s war on ‘channel lending’CBRC's latest crackdown on shadow banking follows last year's six-fold spike in debt receivables, which has further rattled the debt-ridden banking sector, 17 May 2016 10:00:00 GMTHow sukuk can solve Africa’s infra gapIslamic bonds are well-suited to project financing and a rise in popularity for social impact products means demand is there. But sovereigns must pave the way first, 16 May 2016 15:45:00 GMTWhat could Brexit mean for US financial institutions?Partners from Hogan Lovells gathered in New York on May 10 to debate the transatlantic impact of the historic UK referendum, 09 May 2016 15:30:00 GMTPOLL: MetLife Sifi rulingWhat will be the biggest ramification of the recent court decision upholding MetLife’s challenge to its Sifi status? Vote now, 04 May 2016 15:15:00 GMTBank of Cyprus gives loans international makeoverThe debt restructure of a major local company shows how Cypriot lenders are modernising their approach to lending, 03 May 2016 11:15:00 GMTHow quickly should the yuan be liberalised?At ASIFMA’s China Capital Markets Conference last week opinions differed on the pace at which the country's currency should be made freely convertible, 03 May 2016 10:45:00 GMTBasel drops IRR capital requirementThe decision to scrap the proposal is seen as both a softening and hardening of the regulatory stance against interest rate risks, 02 May 2016 23:15:00 GMTEurope Women in Business Law Awards 2016 – shortlist announcedThe nominees for this year's Euromoney LMG Wibl awards have been revealed. Winners will be announced at the ceremony on June 16 at London's Jumeirah Carlton Tower, 27 Apr 2016 12:00:00 GMTCounsel question Oz benchmark proceedingsStrong evidence has yet to emerge that points to external manipulation of the BBSW by the ANZ and Westpac, 19 Apr 2016 10:15:00 GMTMetLife Sifi decision unlikely to holdThe District Court decision upholding the insurer's challenge to Sifi status won’t be the end of the story, 18 Apr 2016 20:00:00 GMTEIB Italian project bond tests new lawThe pan-European export credit agency has diversified its project remit with the successful refinancing of an Italian toll road, 18 Apr 2016 15:00:00 GMTThe limits to US/EU harmonisationMarket participants regularly bemoan the lack of a consistent transatlantic regulatory framework. But achieving it is far from simple, 12 Apr 2016 16:30:00 GMTEuromoney LMG Americas Women in Business Law Awards 2016: shortlist announcedThe shortlist for the fifth annual Euromoney Legal Media Group Americas Wibl Awards has been announced, 12 Apr 2016 16:00:00 GMTFed's CCAR changes spell supervision shiftThe Federal Reserve is upgrading its 2016 stress test, a sign that capital requirements are taking a discretionary and bespoke approach, 04 Apr 2016 21:30:00 GMTEuropean projects refinance amid low ratesThe owners of a French PV portfolio have taken advantage of the market environment and improved their financing terms. They’re not the first, 01 Apr 2016 15:15:00 GMTChina’s NPL plans risks shifting burdenThe CBRC's plans to allow commercial lenders to engage directly in debt-to-equity swaps to dispose of the country’s bad loans has been met with scepticism, 31 Mar 2016 09:30:00 GMTHow the Volcker Rule could have succeededUS counsel wish the legislation had been crafted with better definitions, fewer authors, and a sense of the impact on securitisation and market liquidity, 28 Mar 2016 19:45:00 GMTBank licence revocation shows SSM failingsA small Latvian lender is at the centre of a battle that suggests early fears over ECB supervision of all eurozone banks were not unfounded, 22 Mar 2016 12:00:00 GMTOperational risk framework hints at Basel IVThe BCBS has issued its proposed Standardised Measurement Approach. Banks are concerned about its implications, 21 Mar 2016 22:00:00 GMTWhy Asian fintech needs balanced regulationInadequate and strict regulations are hampering growth in Asia's fintech sector, despite the technology surging in the region, 21 Mar 2016 17:30:00 GMTBanks aren’t manipulating risk weight modelsA report has shown no evidence of financial institutions gaming the system, weeks after Basel did away with internal operational risk calculations, 21 Mar 2016 15:00:00 GMTHow Fed's SCCL proposal diverges from BaselThe Federal Reserve Board has proposed a rule on single counterparty credit limits of large banking organisations. US counsel are considering the proposal, 10 Mar 2016 19:45:00 GMTUS regulatory relief bills go to CongressThe House Financial Services Committee has approved a number bills proposing to reduce burdens for insurers, small banks or small businesses, 08 Mar 2016 22:00:00 GMTUS counsel react to FSB collateral re-use studyThe Financial Stability Board is studying the practice as part of its ongoing work on the regulation of the shadow banking sector, 07 Mar 2016 23:45:00 GMTEuropean TLB forges its own pathInfluential debt advisers and lack of an aftermarket have paved the way for credit-driven institutional loans. Its similarities with US term loan B are diminishing, 07 Mar 2016 23:15:00 GMTKenya looks to UK in Islamic financeThe government is following the example set by the UK, with a sovereign sukuk also in the pipeline, 04 Mar 2016 17:30:00 GMTPhilippines’ deregulation drive lacks steamThe government has acted to boost the country’s financial services industry with the lifting of a 17-year moratorium on new bank licenses, as it seeks to revive its lending sector, 23 Feb 2016 13:30:00 GMTIndustry examines Fed’s TLAC ruleUS trade associations have commented on the Federal Reserve’s proposed rule, 22 Feb 2016 23:30:00 GMTExamination cycle extension for small banksFederal banking agencies have increased the number of institutions eligible for an 18-month, rather than 12-month, evaluation period, 22 Feb 2016 21:00:00 GMTBoE’s move to boost Islamic liquidity welcomedThe central bank has proposed four potential models for extending its cash facilities to Islamic banking institutions, 22 Feb 2016 15:15:00 GMTSMR legal function U-turn threatens implementationThe FCA's decision to consult on capturing those with responsibility for a firm’s legal function within the Senior Managers Regime could jeapordise legal privilege, 09 Feb 2016 15:00:00 GMTCRAs linchpin of Italy’s NPL schemeA decree implementing the guarantee mechanism has been postponed, leaving the market to speculate over how the fine print will address state aid concerns and entice investors, 09 Feb 2016 12:45:00 GMTBasel leverage ratio impacts derivativesThe Committee won’t raise the level of the leverage ratio, but it's still pushing banks out of derivatives clearing, according to counsel in the US, 08 Feb 2016 21:45:00 GMTItalian plan: the market respondsIt doesn't come close to bad bank deals struck by Ireland and Spain, but some have questioned the level of government involvement, 08 Feb 2016 15:45:00 GMTAzura-Edo IPP kick-starts Nigerian projectsThe $876 million deal is the first fully-financed independent power project in the country since the reform of its energy sector, 01 Feb 2016 13:45:00 GMTTrading book review prompts liquidity concernsThe Basel Committee's framework for the FRTB is raising concerns about a potential negative impact on market liquidity, 27 Jan 2016 20:15:00 GMTMyanmar’s forward contract law lacks substanceThe introduction of forward contracts for currency hedging has been met with scepticism by counsel in the country, 26 Jan 2016 15:15:00 GMTAndrew Bailey appointed head of the FCAThe UK's Financial Conduct Authority has a new chief executive, Andrew Bailey, whose appointment was announced today, 26 Jan 2016 14:45:00 GMTPressure mounts to ease challenger capital rulesSmall lenders have slammed new Basel proposals that could force them to hold five times as much capital as their bigger competitors. UK and German regulators are on their side, 26 Jan 2016 11:15:00 GMTWhy did the FCA really drop its bank culture study?Some believe political meddling was the driver. Others say the review's remit was simply too broad, 26 Jan 2016 11:00:00 GMTTrading Book Review prompts liquidity concernsThe Basel Committee's framework has led to further liquidity fears among lawyers in the US, 25 Jan 2016 01:45:00 GMTPoll: legal pitfalls in IranWhat are the biggest risks for banks and corporates taking advantage of the January 16 lifting of sanctions? Vote now, 20 Jan 2016 15:15:00 GMTChina's credit assessment overhaul masks loopholesCounsel have high hopes for the proposed changes but stress that a host of other issues need to be ironed out, particularly surrounding wealth management, 12 Jan 2016 13:30:00 GMTNovo Banco bail-in backfires, hits retailBank of Portugal’s actions have laid the groundwork for a legal wrangle just days after the EU's new resolution rules took effect, 11 Jan 2016 18:30:00 GMTGSE reforms called for to boost PLSIndustry representatives are pushing to boost private label securities as rulemaking for government sponsored enterprises rises up the regulatory agenda, 04 Jan 2016 18:00:00 GMTCyprus reforms tackle bad debt surplusThe package is intended to tacke the country's non-performing loans, which have jumped 39% in five years following the infamous IMF bailout, 22 Dec 2015 11:15:00 GMTNew buyback reveals Iran’s independent oil ambitionsChanges to the model oil & gas contract ramp up foreign investors’ responsibilities to transfer know-how and technology, signalling Tehran's desire to build a standalone sector, 21 Dec 2015 19:15:00 GMTMyanmar restriction may impede new forex licensingLimits on the next round of foreign bank licensing due early next year have confused market participants, 21 Dec 2015 17:00:00 GMTDodd-Frank: a year in reviewCounsel assess the legislation's milestones in 2015 and the slim chance of reforms next year, 18 Dec 2015 21:45:00 GMTKorea’s first internet banks clouded by downgrade fearsConcern surrounds the potential downgrading of the country’s first internet-only banks, whose tier designation is subject to the outcome of amendments to the Banking Act, 08 Dec 2015 11:45:00 GMTUS counsel vexed by regulatory impact on bond liquidityLawyers are increasingly focusing on the impact of post-crisis rulemaking on lower levels of liquidity. But a lack of definitive studies on the issue is causing problems, 07 Dec 2015 21:45:00 GMTKYC checks slowing loans as sanctions biteA LMA survey has found that know-your-customer checks are by far the biggest factor affecting settlement times in the global loan market. The trend is likely to continue, 07 Dec 2015 14:00:00 GMTEC's deposit guarantee scheme revealedThe third pillar of the ambitious Banking Union tries to address moral hazard by limiting access by states that haven’t complied with EU prudential rules, 24 Nov 2015 15:15:00 GMTEuribor’s non-bank inclusion could distort benchmarkThe European Money Markets Institute’s overhaul has acknowledged the rise of non-bank funding. But the changes could create distortions, 23 Nov 2015 12:00:00 GMTFinal TLAC standard passed as doubts lingerCounsel in the US remain sceptical of severing the link between big banks and government, as the final rules are confirmed, 21 Nov 2015 22:00:00 GMTMalaysia sukuk needs domestic educationIncreased emphasis on sharia law compliance has generated confusion. Counsel in the country have called for greater education of local corporate issuers, 20 Nov 2015 11:45:00 GMTEurope's repo market at risk of meltdownA report reveals that reforms penalising short-term lending threaten wholesale banking. QE and restructuring within banks hide the severity of the problem, 20 Nov 2015 10:00:00 GMTShadow banking grows despite stigmaAs non-bank lending grows on an international level, the debate on how to regulate it – if at all – intensifies, 20 Nov 2015 10:00:00 GMTFSB reveals 18% TLAC requirementMost global significant banks will have to meet a total loss absorbency capital requirement of 18% of the resolution group’s risk-weighted assets from January 2022, 09 Nov 2015 17:15:00 GMTEurope’s infra stalemate demands public sector improvementsRumours that project lending is dead are exaggerated. Instead, governments must bring new infrastructure developments to market to satisfy the growing liquidity, 09 Nov 2015 16:00:00 GMTEuropean term loan B to overtake high yieldIn lieu of a secondary bond market, term loan B products are becoming the first port of call, 09 Nov 2015 15:00:00 GMTWhy Myanmar forex license move may backfireThe revocation of foreign exchange licenses has shocked local lawyers, who have dismissed it as an act of impulse with serious implications, 09 Nov 2015 11:00:00 GMTEXCLUSIVE: Volcker on the Volcker RuleThe former Federal Reserve chairman has spoken exclusively about his eponymous rule. He believes it has carried out his basic intent, but that more clarity is needed, 06 Nov 2015 20:45:00 GMTBoE and EBA diverge on stress testsBoth regulators have recently clarified their approach towards stress testing. From 2016, banks will have different hoops to jump through, 06 Nov 2015 17:15:00 GMTItaly’s practical approach to TLACContinental European countries face particular challenges when implementing the new metric. Italy has shown how to strike the right balance, 05 Nov 2015 17:30:00 GMTIFLR 2016 awards: research beginsSubmission forms have been sent for next year's Europe, Asia and Americas awards. If you have not received them, or would like further information, please get in touch, 05 Nov 2015 16:15:00 GMTUS TLAC overshadowed by long term debt plansThe Federal Reserve Board’s draft rule for total loss-absorbing capacity has been overshadowed by its proposals on long term debt for G-SIBs, 04 Nov 2015 23:45:00 GMTHK bail-in regime offers flexible resolutionCounsel in Hong Kong have defended the territory’s proposed bail-in regime against suggestions that bondholders receive insufficient protection, 28 Oct 2015 14:15:00 GMTCFPB targets class action waiversUS proposals to ban arbitration clauses in consumer financial contracts has caused some counsel to question the rationale behind the move, 27 Oct 2015 09:45:00 GMTEBA faces harmonisation challengesBudget cuts, uncertainty over its legal authority and a constant stream of further regulation will make the bank's latest mandate an uphill battle, 27 Oct 2015 09:30:00 GMTPPP law opens Dubai infra to private investmentThe new statute has piqued the interest of developers, sponsors and public authorities. But questions linger over the government’s ownership and control rights, 22 Oct 2015 22:00:00 GMTUS small bank bipartisanship won’t extend to larger FIsLegislation to ease the regulatory burden on community banks has passed. It should not, however, been seen as an indication of looming bipartisanship on banks, 22 Oct 2015 17:45:00 GMTUK ringfencing clamps down on intragroup loansThe UK regulators’ latest consultation has taken a hard line on intragroup arrangements between ringfenced and non-ringfenced banks, 19 Oct 2015 00:00:00 GMTBank of England may raise countercyclical bufferThe Bank of England may raise its countercyclical capital buffer, forcing institutions to set aside more reserve funds as the economy improves, 13 Oct 2015 00:00:00 GMTCFTC calls for revised leverage ratioThe regulator's chairman Timothy Massad has again called on global regulators to soften the leverage ratio, amid continued calls for a more widespread re-appraisal of rulemaking, 13 Oct 2015 00:00:00 GMTMyanmar liberalisation stunted by legislative gapsCounsel have called for a drastic overhaul of Myanmar’s legislative framework for banks amid a push by the country’s government to liberalise its financial markets, 13 Oct 2015 00:00:00 GMTMarket welcomes EC's regulatory reviewThe commission will soon evaluate the potential unintended consequences of post-crisis financial legislation. Counsel believe the move is long overdue, 12 Oct 2015 00:00:00 GMTMexico’s Fibra-E structure to boost projectsMexico’s attempt to attract energy and infrastructure projects with a new investment vehicle has been welcomed as a major step forward, 06 Oct 2015 00:00:00 GMTGermany amends SRM law to address criticismThe Bundestag has adopted a version of the SRM law that no longer classifies senior unsecured debt as subordinated instruments, 28 Sep 2015 00:00:00 GMTUK ringfencing opposition lingersThe UK’s regulators have published two sets of consultations on ringfencing transfer schemes, but opposition to the very principles of the changes remains, 28 Sep 2015 00:00:00 GMTContractual recognition of bail-in under fireAfme has published a new model clause to help banks to comply with BRRD bail-in rules in non-EU jurisdictions, but concerns remain, 25 Sep 2015 00:00:00 GMTEmerging market loans take on European structureAs regulatory capital requirements take their toll, fewer banks are interested in transactions with low participation rates, 25 Sep 2015 00:00:00 GMTKYC registry: correspondent banking’s saviour? A centralised, global KYC registry run by SWIFT is on its way to gaining critical mass with more than 1,250 banks spanning 152 countries having signed-up in its first nine months, 25 Sep 2015 00:00:00 GMTAsia Women in Business Law Awards: shortlist announcedThe nominees for the Euromoney Legal Media Group Asia Women in Business Law Awards 2015 have been released. Winners will be announced at the November 11 ceremony in Hong Kong, 23 Sep 2015 00:00:00 GMTEBF calls for fairer fintech regulationsThe European Banking Federation is pushing for an alignment of regulatory requirements for traditional banks and fintech companies, 21 Sep 2015 00:00:00 GMTRussian Islamic finance restricted by sluggish marketSaddled with a lengthy recession and sanctioned from all trade with the west, the Kremlin is looking east for funding sources, 15 Sep 2015 00:00:00 GMTThames Tideway tests new infrastructure modelA dedicated legal framework for the development of a so-called super sewer has reduced capital costs and created enough certainty to attract pension funds, 15 Sep 2015 00:00:00 GMTItalian bail-in proposal raises MREL fearsAn Italian proposal to change the ranking of creditors in bail-in could avoid the problems that a similar German proposal has caused, 14 Sep 2015 00:00:00 GMTEuropean banks pay the price of Basel IIIAfme’s prudential report reflects a strong quarter for European G-Sibs. But market participants are concerned that the regulatory agenda will never end, 11 Sep 2015 00:00:00 GMTOAS Dip loan sets Brazil precedent The construction group has become the country's first company to use debtor in possession financing during a restructuring, 03 Sep 2015 00:00:00 GMTFed study reveals greater complexity in US banksA study by the New York Federal Reserve has revealed growing complexity in the way banks maintain foreign subsidiaries, but not a corresponding increase in risk, 01 Sep 2015 00:00:00 GMTKuwait prepares maiden sovereign sukuk The government is looking to diversify its funding sources in the wake of the drastic oil price slump, 28 Aug 2015 00:00:00 GMTSuccess awaits Abu Dhabi Global MarketThe new financial centre located on Al Maryah Island has shrugged off early concerns about competition from the well-established Dubai International Financial Centre, 27 Aug 2015 00:00:00 GMTMexico's hydrocarbon auction rules stifle participationUnderwhelming results from the first round may be attributable to high levels of transparency and strict adherence to rules, 18 Aug 2015 00:00:00 GMTYieldcos could fund Asia’s renewables drive Asia’s project bonds market has been slow to take off, as domestic banks continue projects lending. But another capital markets product may be more successful, 18 Aug 2015 00:00:00 GMTAsic warns on poor cultureThe Australian Securities and Investments Commission plans to follow the efforts by the US and UK in focussing on culture within financial firms, said its chairman Greg Medcraft, 14 Aug 2015 00:00:00 GMTBitcoin becoming Argentina’s FX alternativeArgentines are turning to virtual currency transactions to circumvent the government-imposed foreign exchange rate, 13 Aug 2015 00:00:00 GMTPOLL: filling Africa’s infrastructure gapVote now on this month's quick poll which asks what should be prioritised in plugging sub-Saharan Africa's $50 billion annual infrastructure deficit, 13 Aug 2015 00:00:00 GMTHigh hopes for Africa’s first RMB clearing bankA new renminbi clearing bank in Johannesburg is set to reduce trading costs and boost PRC investment across the continent, 06 Aug 2015 00:00:00 GMTBasel’s standardised approach heightens systemic riskHomogenous risk models under Basel III could cause the next financial crisis, according to a report by the London School of Economics, 04 Aug 2015 00:00:00 GMTFSB delays asset manager G-Sifi designationsOn Friday the Financial Stability Board said it would wait until it finishes ts work on risks from asset management, 04 Aug 2015 00:00:00 GMTQuestions linger over Iran’s buyback changes The Iranian government is revamping its oil and gas concessions to lure foreign developers ahead of the anticipated lifting of sanctions next year, 04 Aug 2015 00:00:00 GMTAsia’s fragmentation drives fintech innovationDiffering market features and regulations across the region’s twenty-plus countries as an important opportunity for startups, 03 Aug 2015 00:00:00 GMTChina begins internet finance clampdownThe guidelines, jointly issued by 10 regulators in July, were the first to address the growing sector. But each regulator must now issue its own rules, 03 Aug 2015 00:00:00 GMTBanks will hesitate to enter IranThe removal of sanctions against the country is expected to commence next year, and will benefit local lenders almost immediately, 30 Jul 2015 00:00:00 GMTBrazil's infra model to grow local bond marketsThe country plans to diversify project financing sources with a system that balances national development bank loans with domestic debt offerings, 30 Jul 2015 00:00:00 GMTFCA believes conduct is top of bank agendasThe regulator's chairman and chief executive have credited UK banks for prioritising the conduct of senior staff, ahead of the introduction of the senior managers regime, 24 Jul 2015 00:00:00 GMTUS cov-lites creep into European mid-marketThe European loan market is undergoing a US-style makeover due to bank reforms and a host of alternative financing options, 22 Jul 2015 00:00:00 GMTUS takes first AML action against Chinese bankThe Federal Reserve Bank of New York and NYDFS have announced an enforcement action against China Construction Bank for AML violations, 22 Jul 2015 00:00:00 GMTApra presses banks on global standardsThe Australian Prudential Regulatory Authority has warned banks that they need to raise more capital as well as hiking mortgage risk ratings for the biggest lenders, 21 Jul 2015 00:00:00 GMTChina cybersecurity law to increase bank scrutinyData protection and cybersecurity are growing increasingly important to regulators in China. Lenders and their service providers could face additional approvals for their systems, 21 Jul 2015 00:00:00 GMTWhat Basel’s risk weightings mean for project financeECAs and other guarantee providers will become even more important when Basel’s proposals on how banks calculate credit exposure are implemented, 21 Jul 2015 00:00:00 GMTBanks divided over senior managers seeking legal adviceA growing number of individuals caught by the UK’s incoming regime are seeking independent counsel on their rights and responsibilities under the rules, 20 Jul 2015 00:00:00 GMTHow Myanmar forex measures could impact projectsThe central bank has reacted to concerns about the falling kyat-to-dollar exchange rate in the country, but its actions could complicate matters for infrastructure projects, 20 Jul 2015 00:00:00 GMTMyanmar banking regulations explainedIMF warns Myanmar about private lending levels, as the country takes slow steps towards meeting global banking standards, 20 Jul 2015 00:00:00 GMTVolcker day one: clarity still neededThe new regime comes into effect Tuesday. Banks have had 18 months to prepare, but uncertainties remain around several aspects of the rule, 20 Jul 2015 00:00:00 GMTLocal MENA banks exploiting regulatory burdenAs the world’s biggest banks scale back on their international operations, smaller, local institutions are expanding to fill the void, according to a study, 17 Jul 2015 00:00:00 GMTMoody’s: sub debt to fulfill Asian TLAC requirementsAsian market participants have been second-guessing the types of capital the region’s banks will raise to comply with the FSB's upcoming TLAC requirement, 08 Jul 2015 00:00:00 GMTSingapore carve-out may change Asia bank resolutionThe city-state's new bail-in regime contains an exemption of senior notes that could set a precedent for the rest of the region, 08 Jul 2015 00:00:00 GMTAsia must prepare for Basel IVThe Basel Committee has turned its attention to how banks calculate credit risk in an initiative that’s been deemed Basel IV, 07 Jul 2015 00:00:00 GMTSingapore regulator backs fintech solutionsA Monetary Authority of Singapore executive has revealed a raft of measures to support the city-state as a financial technology centre, pulling it ahead of its competitors in the region, 07 Jul 2015 00:00:00 GMTTurkey’s Gebze project financing explainedA record-breaking project financing illustrates domestic lender appetite for future infrastructure projects in the country, 07 Jul 2015 00:00:00 GMTUK banks drive EU ringfencing draft law changesThe revised bill responds to lenders’ concerns by allowing member states to adopt their own laws in this area, 07 Jul 2015 00:00:00 GMTIslamic lenders face uphill battle in MoroccoThe country's first shariah-compliant bank is expected to open later this year, but market participants are divided over the country’s potential in this space, 06 Jul 2015 00:00:00 GMTUK senior managers regime to inspire HKThe Financial Conduct Authority’s new rules are expected to inspire copycat regulations in other markets. But banks will have to work through implementation issues first, 06 Jul 2015 00:00:00 GMTInside Kuwait’s murabaha securitisation firstThe deal was one of Kuwait’s first sharia-compliant securitisations of leasing portfolios, and will act as a model for future transactions, 03 Jul 2015 00:00:00 GMTWhy MLP introduction won't stop yieldco useYieldcos will remain a popular vehicle for renewable energy companies even if they are allowed to form master limited partnerships, according to market participants, 03 Jul 2015 00:00:00 GMTJuncker Plan hinges on procurement improvementLocal government procurement processes and financing know-how must improve if the Efsi is to mobilise €315 billion of infrastructure investment, 02 Jul 2015 00:00:00 GMTUS senator pushes for MLP extensionA bi-partisan group of US senators is looking to expand master limited partnerships to renewable energy projects, 25 Jun 2015 00:00:00 GMTBanks must adapt as RMB reforms quickenBanks and corporates must quickly adapt to the continuing internationalisation of the renminbi according to speakers at the release of a report on the currency, 22 Jun 2015 00:00:00 GMTBasel interest rate proposal splits opinionWhile a universal standard would level the playing field, differing market conditions across jurisdictions must be taken into account, 22 Jun 2015 00:00:00 GMTCov-lites’ German growth dampens optimismAn increasingly borrower-led market has resulted in less favourable terms for banks in the country – and a decline in volumes, 22 Jun 2015 00:00:00 GMTHong Kong’s wakala first explainedThe government’s second Islamic bond has tested investor appetite for intangible underlying assets. Here's how it was structured, 22 Jun 2015 00:00:00 GMTVolcker relief for foreign public funds A clarification will make it easier for banks with US operations to maintain these funds. It was released just over a month before the ban on proprietary trading comes into force, 22 Jun 2015 00:00:00 GMTHK AML crackdown could stifle fintech growthThe HKMA's plans to crack down on money laundering could have a negative effect on the city-state’s financial technology industry, 19 Jun 2015 00:00:00 GMTInstitutional investors eye P2P lending platformsA new study has found that institutional investors are increasingly considering investing in peer-to-peer loans, 19 Jun 2015 00:00:00 GMTBocom ownership reforms won’t affect government supportChina’s Bank of Communications has become the country’s first SOE bank to announce a mixed ownership reform plan, 17 Jun 2015 00:00:00 GMTFEMR recommendations: the market respondsExtension of the senior managers regime to non-banks and regulation of spot FX are the biggest changes under the UK’s Fair and Effective Markets Review, which has been praised by London lawyers for its minimal overlap with other reforms, 12 Jun 2015 00:00:00 GMTUK data protection investigations foreshadow greater regulatory scrutinyThe country's lenders have seen the number of data protection investigations spike in the past year. And the area will receive more attention as the EU implements its reforms, 09 Jun 2015 00:00:00 GMTAustralian intercreditors must adapt to US cov-liteThe agreements are evolving as companies tapping the term loan B and US high-yield markets change their capital structures, 08 Jun 2015 00:00:00 GMTGaruda Indonesia’s corporate sukuk first explainedGaruda Airlines became the first Indonesian corporate issuer to tap the international Islamic finance market last month. More deals are expected, 08 Jun 2015 00:00:00 GMTNY bit-licensing regime raises compliance risksAntitrust provisions in the first US bit-licensing regime could be serious pitfalls to companies in the fledgling industry., 08 Jun 2015 00:00:00 GMTRBA reveals BIS’s FX code plans: UPDATEA working group of central bankers is creating a code of conduct for the industry. The Reserve Bank of Australia assistant governor leading the initiative hopes it will provide clarity, 08 Jun 2015 00:00:00 GMTECAs to bridge Africa’s infrastructure gapThe continent requires significant infrastructure investment. ECA participation will be vital to increase liquidity and mitigate credit risk, 05 Jun 2015 00:00:00 GMTAmericas Women in Business Law awards: 2015 winnersThe best female lawyers from across the Americas congregated at Essex House, New York last night to celebrate the fourth annual Americas Wibl awards, 04 Jun 2015 00:00:00 GMTAsic warns banks to cooperate with BBSW investigationThe chairman of Australia’s securities regulator on Wednesday warned banks they must stop delaying its benchmark manipulation investigations, 04 Jun 2015 00:00:00 GMTEU bank structural reform delayed for yearsEU bank structural reform has been thrown into doubt after the European Parliament rejected the bill last week, 03 Jun 2015 00:00:00 GMTKexim’s debut equity investment explainedThe ECA has made its first equity investment, providing both debt and equity financing to an Indonesian power project, 03 Jun 2015 00:00:00 GMTA$ TLB first signals market shiftThe first Australian dollar term loan B tranche highlights the country’s superannuation funds’ search for yield, 27 May 2015 00:00:00 GMTPoll: regulating cyber security IFLR is polling readers on how financial regulators should tackle cyber security risks. All votes and comments are anonymous, 27 May 2015 00:00:00 GMTBill to amend Dodd-Frank passes Senate committeeA bill to change parts of the law met strong opposition in a meeting on Thursday, but passed in 12 to 10 vote along political party lines, 22 May 2015 00:00:00 GMTSifi designation threat will determine GE buyersThe same regulatory consideration that drove GE Capital to announce the sale of the bulk of its global assets will also drive who is eligible and willing to buy them, 21 May 2015 00:00:00 GMTGermany’s first Islamic bank hopes to boost euro marketShariah-compliant financial institutions are creeping into the European market – though market participants suggest this should be done with caution, 15 May 2015 00:00:00 GMTAfrica’s other infrastructure crisisImproving legal frameworks and local government processes is key to tackling Africa’s infrastructure shortage, which is hampering foreign investment and the region’s development, 12 May 2015 00:00:00 GMTBNP Paribas settlement heightens sanctions focusUS regulators have finalised the French bank’s $9 billion settlement. It's hoped that increasingly conservative practices will prevent future cases, 12 May 2015 00:00:00 GMTLegal firewall highlights China riskUS litigation against the Chinese financial services firms has been ineffective at best. A new report has likened legal protection to ‘a great firewall,’ and warned that there will be more issues ahead, 12 May 2015 00:00:00 GMTWhy TLAC and BRRD discrepancies will fadeBanks’ fears surrounding the contrary requirements of TLAC and provisions in the EU’s BRRD should be eased as the two concepts merge, 12 May 2015 00:00:00 GMTMalaysia sukuk drives Islamic finance diversificationThe country's first international shariah-compliant offering since 2011 has signalled a shift to underlying Islamic elements traditionally classified as intangible rights, 11 May 2015 00:00:00 GMTAsia’s anti-money laundering focus sharpensAsian jurisdictions are now meeting – and sometimes surpassing – international expectations on anti-money laundering, 08 May 2015 00:00:00 GMTWhy financial institutions need data strategiesData breaches over the past year have forced financial institutions and corporates to bolster their systems. But they should also be thinking about their broader strategies, 06 May 2015 00:00:00 GMTWhy IMF currency basket move would boost RMBThis year the fund will decide whether China’s renminbi will join its Special Drawing Rights basket of currencies. Its inclusion could prove vital, 05 May 2015 00:00:00 GMTUK judgment shines light on loan premiumsA UK Supreme Court judgment on the treatment of loan premiums under the LMA's standard terms and conditions has given much needed certainty to the deal feature, 27 Apr 2015 00:00:00 GMTDeutsche Bank’s Libor settlement signals harsher penaltiesDeutsche Bank is the latest international bank to reach a settlement with over Libor manipulation, but its legal troubles – and benchmark-related investigations – are far from over, 24 Apr 2015 00:00:00 GMTChina metals scandal heightens collateral focusSuspected fraud at a Qingdao's metals warehouse has tightened lenders’ focus on KYC checks and due diligence in trade finance transactions, 22 Apr 2015 00:00:00 GMTWill liquidity shortages cause the next black swan?Trying to pinpoint the next black swan event is, by definition, nearly impossible. But liquidity shortages and market volatility could be possible causes, 17 Apr 2015 00:00:00 GMTCollateral increases to spark new US power financing structuresNew collateral requirements from the country's largest regional transmission organisation could change the dynamics of power plant financing, 13 Apr 2015 00:00:00 GMTIndonesia ruling could threaten infrastructure investmentA court decision in favour of a citizens’ group has forced investors to question the certainty of infrastructure contracts with government entities, 13 Apr 2015 00:00:00 GMTRBI exposure limits to drive financing diversificationA discussion paper proposing that banks’ exposure to a single corporate, to connected parties, cannot exceed 25% could prompt companies to tap the local debt capital markets, 08 Apr 2015 00:00:00 GMTChinese deposit insurance to prompt fintech innovationThe introduction by China of a deposit insurance scheme is a first step towards liberalising interest rates and allowing bank resolution. It could also spark the evolution of financial technology, 02 Apr 2015 00:00:00 GMTWhy regulators must adapt to fintechRegulators globally must build relationships with financial technology companies to monitor new market risks, 02 Apr 2015 00:00:00 GMTAus APLMA facility agreements aligned to LMA The Asia-Pacific Loan Markets Association Australia branch’s new facility agreements could boost offshore participation in the country’s loan markets, 30 Mar 2015 00:00:00 GMTAustralian wind farm sets refinancing precedentHallett Hill’s bond has marked the first time a wind farm in the country has tapped the US private placement market, 30 Mar 2015 00:00:00 GMTPhilippines PPPs reach new phaseFive years after the country bolstered its public-private-partnership regime, lawyers hope that the framework can now be institutionalised, 30 Mar 2015 00:00:00 GMTWhy US regulatory consolidation is not a silver bulletPaul Volcker’s proposal to limit regulatory infighting by consolidating the country’s regulators could lower transparency and flexibility, 30 Mar 2015 00:00:00 GMTPoll: TLAC’s implementation challengesWhat will be the biggest hurdle to implementing the new loss-absorbency requirement? Vote now, 23 Mar 2015 00:00:00 GMTNon-recourse debt for US offshore wind firstRenewable energy production in the US hit a milestone last month, with Deepwater Wind securing financing for the country’s first offshore wind farm, 17 Mar 2015 00:00:00 GMTWhite list concerns exacerbated by cov-lite growthOpposition to white lists is growing as the rise of cov-lite deals exposes investors further to the practice. But the feature is expected to linger until deal volumes start outweighing demand, 17 Mar 2015 00:00:00 GMTHow ALSF can help your African investmentThe African Legal Support Facility's chief legal counsel spoke with IFLR about why it’s in everyone’s interest to create sustainable investment arrangements, 12 Mar 2015 00:00:00 GMTSophisticated intercreditors to come to AsiaMore intercreditor agreements will be needed as Asian capital structures become more complicated. And they will take a different form to US structures, 12 Mar 2015 00:00:00 GMTJapan FSA consultation to boost Islamic financeBanks’ Islamic finance capabilities could be spurred by a consultation to open the onshore sukuk market. And there could be project finance implications too, 09 Mar 2015 00:00:00 GMTHKEx to form risk committeeThe exchange's new risk committee is intended to better assess risks from its growing business lines, following concerns about financial market infrastructure resolution, 05 Mar 2015 00:00:00 GMTAfrica can’t shake FDI risk perceptionsPolitical instability is slowing investment into Africa’s most promising markets and bilateral investment treaties do little to ease concerns, according to the general counsel of a global conglomerate, 02 Mar 2015 00:00:00 GMTHow bail-in was bornCredit Suisse's Wilson Ervin explains how his Lehman weekend experience in 2008 led to him creating bail-in, 02 Mar 2015 00:00:00 GMTInternal models face increased regulatory scrutinyBanks may be forced to rethink their internal models for valuing complex assets as regulators seek greater comparability across products, 02 Mar 2015 00:00:00 GMTAsia’s FSB responses reveal TLAC concernsAsian market institutions’ responses to the FSB's consultation on TLAC largely focus on emerging markets issues. But a lack of clarity on domestic requirements has sparked concerns, 26 Feb 2015 00:00:00 GMTFirst findings from FEMR consultationBoE's director of market strategy has outlined key themes from responses to the Fair and Effective Markets Review consultation. Buy-side reluctance to lead means regulators may intervene., 26 Feb 2015 00:00:00 GMTEurope’s HY convergence: latest trendsThe region's leveraged debt markets have undergone fundamental changes since the global financial crisis, 17 Feb 2015 00:00:00 GMTCummings: transparency needed on Dodd-Frank swaps push-outHouse of Representatives Democrat Elijah Cummings has told IFLR why he wants US banks to explain how they will benefit from the roll-back of swaps regulations, 16 Feb 2015 00:00:00 GMTIsda: Asia’s resolution plans must protect netting enforceabilityThe Hong Kong Monetary Authority’s bank resolution consultation included the International Swaps and Derivatives Association’s protocol on temporary stays. Other Asian jurisdictions must follow, 16 Feb 2015 00:00:00 GMTNSW’s NorthConnex unlocks Australia infrastructure investmentThe New South Wales financing was the first to close under its government’s new unsolicited proposal process, 16 Feb 2015 00:00:00 GMTTLAC inflexibility could force subsidiary resolutionBanks that favour a single point of entry model may be at greater risk of placing one of their subsidiaries into resolution under the FSB's TLAC proposal, 16 Feb 2015 00:00:00 GMTS&P: government support uncertainty in EU, Asia may prompt bank downgradesLast week the rating agency downgraded banks in four European countries following doubts over government support. Banks in Asia may be similarly affected, 09 Feb 2015 00:00:00 GMTWhat S&P’s ALAC consultation could mean for bank ratingsThe ratings agency has given more detail on how it plans to incorporate additional loss-absorbing capacity into its bank rating methodology, 09 Feb 2015 00:00:00 GMTUS P3 to get new financing tool The Obama administration has proposed a new type of bond to fund infrastructure developments in the US, 02 Feb 2015 00:00:00 GMTFSB’s TLAC proposals explainedRating agency Fitch has explained how the Financial Stability Board’s total loss-absorbing capacity proposals might look when implemented by Europe’s biggest lenders, 30 Jan 2015 00:00:00 GMTAre bank holdcos inevitable in Europe? In a bid to avoid setting up holding companies, Europe’s biggest banks are pushing for legislation that would introduce a statutory identification of TLAC instruments, 29 Jan 2015 00:00:00 GMTTLAC: the rating implicationsFitch has explained the rating implications of key aspects of the FSB's new total loss-absorbing capacity rules, 29 Jan 2015 00:00:00 GMTHK bank resolution: no creditor worse off than liquidation needs clarityThe HKMA's second consultation has clarified its bail-in regime, including a mechanism to determine the no creditor worse off than in liquidation principle. But more detail is needed, 23 Jan 2015 00:00:00 GMTHK bank resolution consultation: four key pointsYesterday the Hong Kong Monetary Authority released its second consultation on its resolution and recovery regime. Here’s what you need to know, 22 Jan 2015 00:00:00 GMTEuropean regulators defend global regulatory reformsEuropean regulators have refuted allegations that too much regulation has impeded global growth, 19 Jan 2015 00:00:00 GMTNew opportunities for US banks in CubaThe US has eased trade and travel restrictions on Cuba, opening up new opportunities for financial institutions, 19 Jan 2015 00:00:00 GMTEmergency laws alone won’t save Russia’s banksRussia’s emergency legislation is not enough to save the country from a financial crisis in 2015, according to senior lawyers, 15 Jan 2015 00:00:00 GMTWhy Fitch will downgrade a third of Europe’s banks in 2015The agency's managing director for banks has spoken out about its plan to downgrade 30% of Europe’s banks this year, 15 Jan 2015 00:00:00 GMTDodd-Frank webinar: a recap and what's nextMorrison & Foerster counsel and ING's Gary Kalbaugh analysed the four-year-old law's progress and what implementation points remain unreseloved, 09 Jan 2015 00:00:00 GMTSFC consultation clarifies regulatory cooperationThe regulator's consultation on supervisory assistance to overseas regulators has highlighted its commitment to collaboration, 08 Jan 2015 00:00:00 GMTChile adopts Basel III under international pressureThe country's banking regulator has announced that the country, which never took up Basel II, will implement parts of Basel III in an effort meet the demands of international financial bodies, 24 Dec 2014 00:00:00 GMTADB loan pushes Myanmar financing forwardThe Asian Development Bank's $100 million loan to build out connectivity infrastructure in Myanmar shows how multilaterals can get comfortable in the frontier market, 19 Dec 2014 00:00:00 GMTNPL sales, governance to revamp Italian bankingThe country's poor performance in the EU-wide stress tests – combined with recent fraud probes into bank management – has sector-wide ramifications that will continue into next year, 17 Dec 2014 00:00:00 GMTGeopolitical risks taint loan market optimismNearly one third of Loan Market Association members believe economic and geopolitical risks will be the biggest influence on the syndicated loan market in 2015, 12 Dec 2014 00:00:00 GMTCCP stress test plan faces implementation hurdlesIsda's call for mandatory stress tests for clearing houses has been greeted with scepticism by some market participants, 10 Dec 2014 00:00:00 GMTPakistan sovereign sukuk signals Islamic finance shiftThe $1 billion deal signals the growing importance of Islamic finance for Muslim-majority countries, 09 Dec 2014 00:00:00 GMTHow Australia’s Murray Report changes reg-capAustralia’s treasurer has released its long-awaited Financial System Inquiry Report. It could change the way banks in the country manage regulatory capital, 08 Dec 2014 00:00:00 GMTMurray Report clarifies stance on bail-in-able capital The report seems to have endorsed bail-in-able capital in principle, but with some qualifications, 08 Dec 2014 00:00:00 GMTWill the Global Infrastructure Hub make a difference?The G20 has proposed a network linking various project finance initiatives and market players. Andrew Briggs, who contributed to the G20 summit publications, explains what will determine its success, 04 Dec 2014 00:00:00 GMTAsifma warns on Indonesia’s hedging rulesBank Indonesia rules requiring corporates to hedge their external commercial borrowings need more clarity, according to Asifma, 03 Dec 2014 00:00:00 GMTEmerging market mezzanine: an untapped opportunityMisconceptions about the risks and structuring possibilities associated with the asset class are limiting investors’ ability to tap lucrative opportunities, 25 Nov 2014 00:00:00 GMTHearing addresses NY Fed’s “cultural problems”US senators have grilled the president of the Federal Reserve Bank of New York about the regulator’s enforcement record, 24 Nov 2014 00:00:00 GMTIndonesia Miga guarantee first explained The hydropower plant financing is the first to incorporate a multilateral investment guarantee agency since the Asian financial crisis in 1997, 24 Nov 2014 00:00:00 GMTAsia’s TLAC questions revealedConcerns remain about how the FSB's total loss-absorbing capacity proposal will be implemented in Asia, where major centres still lack resolution regimes, 19 Nov 2014 00:00:00 GMTAsia’s developing repo markets spark collateral questionsRepo markets in Asia are growing. But collateral in the region must be permitted to move across borders, 12 Nov 2014 00:00:00 GMTAsian market indecisive over term loan Bs Sponsors in the region are increasingly turning to the structure to refinance – or even finance – acquisitions. But they're not suitable for everyone, 12 Nov 2014 00:00:00 GMTIslamic finance platform’s success opens doors for DubaiThe success of Nasdaq Dubai’s launch of a platform for murabaha trading marks another step forward in Dubai’s ambition to be the centre of the global Islamic economy, 12 Nov 2014 00:00:00 GMTInside Abu Dhabi’s plans to build a finance hubMany are questioning how Abu Dhabi plans to turn its dream of creating a financial free zone into a reality that can rival regional incumbent Dubai, 11 Nov 2014 00:00:00 GMTRenewable energy’s financing future A combination of securitisation and yieldco structures are the way forward for financing renewable energy projects in the US, 10 Nov 2014 00:00:00 GMTWhy the PRA prefers subsidiaries for retail businessesDespite encouraging subsidarisation of offices catering to retail customers, the UK Prudential Regulatory Authority does not expect a material change in the number of branches, 10 Nov 2014 00:00:00 GMTWhy TLAC may challenge Asian banks The FSB has released its consultation paper on total loss-absorbing capacity. But Asian banks face implementation challenges, 10 Nov 2014 00:00:00 GMTIs FICC review based on pragmatism or politics?Opinion is divided on whether the BoE-led Fair and Effective Markets Review is driven by policy, or a belief that more needs to be done to improve market discipline, 07 Nov 2014 00:00:00 GMTProject bonds in Asia: still challengingA lack of appropriate projects and shallow domestic capital markets have hindered the usefulness of project bonds in the region, 07 Nov 2014 00:00:00 GMTTLAC proposal raises concerns ahead of Brisbane meetingMarket participants believe the FSB's proposals for total loss absorbing capacity are well-intended, but question whether banks will be able to implement it, 04 Nov 2014 00:00:00 GMTPhilippines wind farm first to spark renewablesThe Burgos wind farm is the first of its kind to reach financial close in the jurisdiction. Here's how it was done, 03 Nov 2014 00:00:00 GMTJapan FIT changes needed to continue growthJapan introduced its highly successful feed-in tariff in 2012. But to continue growth in renewables, it must make changes, 28 Oct 2014 00:00:00 GMTMyanmar non-recourse financing first explained Myanmar’s first non-recourse financing involving international banks has been signed. It may open infrastructure financing in the frontier market, 13 Oct 2014 00:00:00 GMTProject Safi unlocks shariah finance for PPPsThe first cross-border Islamic financing of an independent power project has created a new source of liquidity for PPPs across the Middle East and North Africa, 13 Oct 2014 00:00:00 GMTPutnam County deal shows way forward for mutual banksThe mutual bank has purchased a Nasdaq-listed competitor in an effort to protect its core business and meet growing regulatory demand, 13 Oct 2014 00:00:00 GMTSierra Leone to lure IPP investorsSierra Leone’s energy minister has promised concessions to foreign investors as part of his plan to overhaul the country’s struggling power sector, 13 Oct 2014 00:00:00 GMTWalmart’s new bank taps captive market Walmart is set to move into the US banking space through a partnership with Green Dot bank. The strategy could appeal to other retailers, 13 Oct 2014 00:00:00 GMTADB wastewater B-loan unleashes commercial banks Asian Development Bank and 13 commercial banks have signed a B-loan to a wastewater treatment company in China, 09 Oct 2014 00:00:00 GMTPoll: Europe's capital markets unionIFLR's Quick Poll this month asks what should be the EC's priority in establishing a capital markets union, 09 Oct 2014 00:00:00 GMTUS leverage guidelines' impact in EuropeThe Fed and OCC guidelines have sparked a debate about the extent to which they will impact European banks, 09 Oct 2014 00:00:00 GMTArab Bank ruling raises compliance risk A New York ruling that found Arab Bank liable for providing financial services to terrorists has raised questions about banks’ compliance programmes, 26 Sep 2014 00:00:00 GMTHK sukuk first explainedHong Kong’s inaugural sukuk was the first to test its new tax laws allowing Islamic finance structures. Here's how it was done, 26 Sep 2014 00:00:00 GMTLaos hydro project solves infrastructure sharing problemsLaos hydropower project Nam Ngiep 1 was the first to solve legal issues around sharing infrastructure such as substations and transmission lines, 26 Sep 2014 00:00:00 GMTEuromoney Legal Media Group Asia Women in Business Law Awards 2014: Shortlist announcedThe nominations for this year's Asia Wibl awards have been announced, 23 Sep 2014 00:00:00 GMTIndonesia sukuk increases sovereign flexibilityThe government structured its recent issuance to permit greater flexibility in its underlying assets. Other sovereigns are expected to follow, 18 Sep 2014 00:00:00 GMTSecondary loan settlement must standardiseThe outdated settlement system used in Europe’s secondary loan market must standardise if it is to compete with the bond market, bankers have warned, 16 Sep 2014 00:00:00 GMTBank liquidity ratio clashes with shareholder demandsThe regulatory plan to cut bank risk by introducing the LCR clashes with shareholder demands and the limited amount of high quality liquid assets, 15 Sep 2014 00:00:00 GMTEuropean project finance’s new liquidity problemWeak dealflow and growing competition from institutional investors has stymied European banks’ return to project finance, 15 Sep 2014 00:00:00 GMTWhite lists do more harm than goodIssues surrounding white lists in loans to financial sponsors are damaging secondary market liquidity, and may not achieve borrowers’ intended goal, 15 Sep 2014 00:00:00 GMTSA sukuk cements Islamic finance ascendancySouth Africa is poised to become the latest country to issue a sukuk, as Islamic and non-Islamic governments tap increasing demand for shariah-compliant instruments, 11 Sep 2014 00:00:00 GMTMIGA: risk mitigation in a changing worldThe senior counsel at the World Bank’s Multilateral Investment Guarantee Agency discusses how measures enabling investors to offset risk in emerging economies are being implemented, 10 Sep 2014 00:00:00 GMTStanChart NY settlement prompts regulatory action Hong Kong and UAE regulators’ reactions to Standard Chartered's settlement with the New York Department of Financial Services reveals attitudes to US extraterritorial enforcement, 04 Sep 2014 00:00:00 GMTAbil tests South Africa bank reformsAfrican Bank’s collapse may not create systemic risk, but it has a long list of other consequences ranging from a bailout debate to less regulatory discretion, 01 Sep 2014 00:00:00 GMTBonds fund UK greenfield renewables plantThe financing of a biomass facility in Scotland has paved the way for greenfield renewable projects to tap the UK capital markets, 01 Sep 2014 00:00:00 GMTMacquarie Capital: Project finance’s funding future The managing director of Macquarie Capital’s debt capital markets says the mix of funding models in project finance will need to grow if the sector is to advance, 01 Sep 2014 00:00:00 GMTUS regulatory review: what to expectThe comment period for the first round of the US regulatory reduction review closes soon. But many are sceptical about its impact, 29 Aug 2014 00:00:00 GMTPoll: Is Europe’s PPP model broken?Vote now on IFLR's Quick Poll, to be published in the October magazine, 21 Aug 2014 00:00:00 GMTISDA derivatives protocol faces implementation challengesThe industry group's drive to delay counterparties terminating swap trades with a failing bank is a complex undertaking, with widespread implications, 18 Aug 2014 00:00:00 GMTSingapore bank reforms prioritise local depositorsAlthough the city-state is vying to become Asia’s financial hub, its bank regulations show a bias in favour of local depositors, 18 Aug 2014 00:00:00 GMTVolcker loophole drives new loan partnershipsBanks are taking advantage of an exemption to the Volcker rule to make investments through Small Business Investment Companies, 18 Aug 2014 00:00:00 GMTRussia sanctions to accelerate Asia pivotThe country’s corporates are looking to Asia’s financial markets following the listing of key individuals and corporates on US and EU sanction lists, 13 Aug 2014 00:00:00 GMTIndonesia bank ownership restrictions unclearIndonesian politicians are contemplating further restrictions on foreign ownership of domestic financial institutions, 05 Aug 2014 00:00:00 GMTMibor use limits reform impactIndia has become a global leader in reforming its interbank offered rate. That would be helpful if the benchmark were more frequently used, 05 Aug 2014 00:00:00 GMTMiddle East awards shortlistThe nominations for this year's IFLR Middle East awards have been announced. See below for all the deal and team of the year shortlists, 05 Aug 2014 00:00:00 GMTCanada’s first PPP green bondTandem Health Partners's groundbreaking deal is also the first non-recourse private sector green bond, 04 Aug 2014 00:00:00 GMTDC Water 100-year green bond explainedThe issuance of DC Water and Sewer Authority's 100-year green bond signals an increasing appetite for green risk, 01 Aug 2014 00:00:00 GMTBitcoin might prompt regulatory shift As supervisors increase their focus on virtual currency, the fast-growing Bitcoin market has revealed a potential paradigm shift in financial regulation, 25 Jul 2014 00:00:00 GMTHow to take security in MyanmarLocal authorities have completed the first registration of a secured interest on Myanmar assets for a foreign loan. It could facilitate lending in the jurisdiction, 24 Jul 2014 00:00:00 GMTE-money firms: the next shadow banks?Electronic payment services firms could be poised to capitalise on the UK's plans to make it easier for SMEs to borrow from non-traditional lenders, 21 Jul 2014 00:00:00 GMTNuclear sector’s first limited-recourse financing A uranium enrichment plant in France has become the world’s first nuclear power project to receive limited-recourse financing, 21 Jul 2014 00:00:00 GMTWorld’s first regulated Bitcoin fund analysedJersey is keen to position itself as a Bitcoin hub. But launching the bellwether exchange presented supervisors with some difficult decisions, 21 Jul 2014 00:00:00 GMTJapanese solar sets foreign investor precedentGestamp Solar is a rare example of a project in Japan having both a foreign lender and sponsor, 17 Jul 2014 00:00:00 GMTPeru project bond pushes local currency limitThe Rutas de Lima toll road project reveals the growing trend of combining local fundraising and international investors in Latin America, 17 Jul 2014 00:00:00 GMTLeveraged lending partnerships raise market concerns Partnerships between banks and business development companies are offering a financing solution for US firms. But the trend has caught regulators' attention, 07 Jul 2014 00:00:00 GMTUK sukuk first explainedThe UK's trailblazing sukuk developed an innovative structure, setting a benchmark that is hoped will inspire the country's corporates to tap the lucrative shariah market, 02 Jul 2014 00:00:00 GMTIndia bank resolution framework hits legislative hurdlesIndia recently released its recommendations for bank resolution. But it’s unclear whether there is the political will to carry out the reforms, 24 Jun 2014 00:00:00 GMTStress test changes strain bank capital plans Proposed changes to US stress testing rules will force banks to be more cautious in their capital plan review and stress tests. Here's why, 23 Jun 2014 00:00:00 GMTEurope Women in Business Law Awards: 2014 winnersThe full list of winners from last night's ceremony in London's Hilton Hotel on Park Lane, 19 Jun 2014 00:00:00 GMT