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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.

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

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

Initial coin offerings (ICOs) or token sales as alternative financing methods continue to generate increasing interest – in Switzerland in particular. ICOs conducted out of Switzerland between January and October 2017 raised between $550 and $650 million, which represents approximately one quarter of the volume of ICOs worldwide (including four of the 10 biggest ICOs so far). In our view, despite certain legal and regulatory challenges, ICOs have to be considered a potentially attractive financing method, in particular for startups, as certain disadvantages of traditional financing methods may be avoided or mitigated.

2017 was a record year for green bonds, as total value reached $155 billion, with a growing number of issuances coming from Asia. China contributed $36.4 billion to the total, just after the US and France. India however was only in ninth place in spite of very ambitious renewable energy targets. The majority of issuances came from banks, which were responsible for 74% of total issues.

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

An amendment to the act on employment services slated to enter into force on May 1 2018 will have a substantial impact on the employment of third country nationals.

The Philippine government is aggressively advancing the acceleration of infrastructure and development of industries that will yield robust growth across the Philippines. Infrastructure projects are among the top priorities of the government with public spending on infrastructure projects targeted to reach between PHP8 trillion and PHP9 trillion ($154 billion to $173 billion) between 2017 and 2022.

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.

The Trump government appears intent on repealing Obama-era regulation no matter the actual cost to individuals