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Over two months in, and the new rules are not having the impact they were initially expected to

Since September 21 2017, the Colombian regulatory authorities have focused their efforts on enacting regulations that provide supervision to financial conglomerates and demand certain financial and corporate governance standards from the companies and the vehicles involved in the composition of such groups.

The Irish parliament is debating a bill which, if passed, would regulate the owners of Irish loan portfolios. The proposed legislation – the Consumer Protection (Regulation of Credit Servicing Firms) [Amendment] Bill 2018 (the Bill) is understood to have been triggered by reports of intended loan sales by particular retail banks in Ireland. Since 2015, non-regulated owners of loan portfolios comprising loans to consumers and small and medium-sized enterprises (SMEs) have been required to appoint a regulated credit servicer to manage the portfolio. This was to ensure that consumers and SMEs would continue to enjoy their statutory customer protection even though their creditor was unregulated. Broadly, this ensured consumers and SMEs were in the same position as if facing a regulated retail bank. However, in some political circles this regime has been perceived as providing insufficient protection to borrowers.

The member state is looking to launch a so-called bad bank to tackle its pile of sour debt. But some obstacles lie ahead

Brazil recently celebrated the fifth anniversary of Law 12.529/2011 (Brazilian Antitrust Law), which established a pre-merger control system and aligned the Brazilian Antitrust Authority (Cade) with more mature jurisdictions.

The Cyprus Securities and Exchange Commission (CySEC) has issued a circular notifying issuers of securities which are listed for trading on the Cyprus Stock Exchange or any other regulated market of its priority issues for financial statements and annual reports for 2017. CySEC's priority issues are identical to those set out in the latest Public Statement on European Common Enforcement Priorities published by the European Securities and Markets Authority (Esma). The Public Statement sets out the priorities jointly agreed by national supervisory authorities of the countries of the European Economic Area in relation to financial statements for the year 2017 regarding the implementation of international financial reporting standards (IFRS), with the objective of achieving consistency in the application of the IFRS in Europe.

It is far from difficult to argue that the London interbank offered rate (Libor) is in serious need of replacement. Since its inception in 1969, as a mechanism by which a group of London-based banks could agree a floating rate of interest on an $80 million loan for the central bank of Iran, it has evolved remarkably little. The same cannot be said of the market it underlies, which is now estimated to have a notional value of around $350 trillion. Whether one looks at the 2012 manipulation scandal, or the fact that markets for many of the funding rates Libor purports to measure barely exist anymore, it is impossible to escape the evidence that arguably the most important benchmark in the financial markets is no longer fit for purpose. A change is long overdue.

Although full implementation of the Markets in Financial Instruments Directive II (Mifid II) in Portugal is expected to occur very soon, the truth is that market players already hold sufficient tools and comply with enough EU regulations to assess internal policies and procedures to make them compliant with the Mifid II requirements.

Balancing participation and risk management is key to successfully navigate the complexities of tenders

Bad loans continue to haunt China. Getting rid of them for good is no easy task