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The Hong Kong Securities and Futures Commission's (SFC) sponsor regulations lack teeth without an independent audit regulator, according to Public Company Accounting Oversight Board (PCAOB) standing advisory group member and Peking University professor Paul Gillis.

After much market speculation, the US government renewed the wind production tax credit (PTC) programme as part of last month's fiscal cliff deal. It means there will be a burst in new wind projects in 2013.

Freddy Karyadi Oene Marseille Bapepam-LK has recently issued a revision of the procedure for the implementation of quasi-reorganisation through Regulation No IX.L.1 attachment Decision of Head of Bapepam and LK No KEP-718/BL/2012 (which has replaced Decision of the Head of Bapepam No KEP-16/PM/2004). The background to the issuance of the new regulation is the convergence of the Financial Accounting Standard Statement (Pernyataan Standar Akutansi Keuangan, or PSAK) to IFRS under which it was considered that PSAK 51, regarding accounting for quasi-reorganisation, was not compatible with the concept under IFRS. In relation to this point, the Board of Financial Accounting Standards – Indonesian Institute of Accountants (Dewan Standar Akuntansi Keuangan – Ikatan Akuntan Indonesia/DSAK-IAI) published its Statement of Revocation of Financial Accounting Standard (Pernyataan Pencabutan Standar Akuntansi Keuangan/PPSAK) No 10, revoking PSAK 51, effective on January 1 2013.

Proposed changes to the European insolvency regulation look set to threaten the future of English law schemes of arrangement - and the City of London - this year

The global legal entity identifier system will launch by March 2013. But much must be resolved before regulators worldwide can issue LEIs

As a means of raising capital for investment in UK industry, equity markets no longer register on the radar screen of significance. But UK economist John Kay remains hopeful the market can be resurrected. Here's how.

The bank reorganisation navigated local law issues surrounding subordination and cram-downs

Global monetary policy has set the stage for inflation. How effective are hedging strategies, and which tools will best protect portfolio assets?

Starting from January 1 2013, sellers of goods and suppliers of services in Italy finally have more stringent terms under which to obtain the payment of their invoices by the relevant debtors.

As Shariah finance becomes more prevalent in non-traditional markets, the prohibition on interest – or riba – deserves renewed attention