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  • The upturn in growth that started in 1997 accelerated in 1998. Annual average GDP growth stood at 3.2%, after 2.3% in 1997 and 1.6% in 1996.
  • Market Overview By Tom Schubert and Christian Stahlberg of Roschier Holmberg & Waselius, Helsinki
  • The US Accountancy Board, the FASB, has brought an end to the pooling of interests for the accounting treatment of mergers and acquisitions in the US. David Bernstein of Rogers & Wells, New York reviews the effect of the decision and questions the wisdom of amortizing goodwill on M&A deals
  • Finality directive to be implemented
  • Considerations on Chilean law govering tender offers
  • The Basle Committee’s proposals for a standardized approach to the calculation of bank risk asset ratios suggest that there will be as many losers as winners. Chris Bates and Nicholas O’Neill of Clifford Chance, London outline how the reforms will mean a shift in banks’ risk management and products
  • By Rainer Loges and Martin Kubanek of Gleiss Lutz Hootz Hirsch, Prague
  • The Finalization of Big Bang By Izury Goto of Tanaka & Takahashi
  • The Indonesian Banking Restructuring Programme by Susandarini zein and darrell R Johnson of soewit, Suhardiman, Eddymurthy & Kardano
  • By John E Rogers and Francisco Videgaray of Carlsmith Ball, Mexico City