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What happens when a complex legal and regulatory system tries to address fast-paced innovation? Todd Beauchamp, Stephen Wink, Yvette Valdez, Alan Avery, Loyal Horsley and Deric Behar of Latham & Watkins discuss the challenges facing US regulators

Like most financial engineering techniques, securitisation is not without risk. The complexity inherent in securitisation can impair investors' ability to monitor risk, and competitive securitisation markets are prone to sharp declines in underwriting standards. Furthermore, off-balance sheet accounting treatment for securitisations coupled with guarantees from the issuer can make it challenging to assess exposures, encouraging issuers to take on excessive credit risk. Even the most ardent advocates of securitisation would accept that securitisation played an important role in the US subprime mortgage crisis that led to the global financial crisis of 2008.

Ever since the Republic of Nicaragua became a member of the Financial Action Task Force of Latin America (GAFILAT), Nicaragua has experienced a gradual, yet impactful, overhaul in its provisions regarding prevention, detection and criminalisation of activities involving money laundering and financing of terrorism.

At a time when Macau is continuously striving to develop economic diversification and strengthen its role as a world leisure and tourism centre, the new draft Hotel Business Law, which is still under discussion in the Macau Legislative Council, is designated to liberalise and diversify the hospitality industry in various ways.

Korea’s regulatory vacuum on cryptocurrencies starts to shift as the new crypto-economy continues to thrive. Young Hee Jo and Seungmin Jasmine Jung of LAB Partners

Ahead of the International Bar Association’s annual conference in Seoul, South Korea in September, we look at the most influential dealmakers across the Asia Pacific region

In March 2019, the Swiss federal government published a draft law on distributed ledger technology. Stefan Kramer and Urs Meier of Homburger take a look

On November 30 2018, the Act on Prevention of Transfer of Criminal Proceeds was amended in order to introduce new methods of verifying the identity of customers. The Act aims to prevent services provided by specified business operators under the Act, such as financial institutions, from being used for money laundering by criminal organisations.

Yuri Suzuki of Atsumi & Sakai looks at the Japanese government’s Growth Strategy and how it might reformulate financial regulations to foster fintech development in financial services

Regulation and risk management expert Bozena Gulija assesses the Basel Committee’s progress so far and highlights key challenges ahead