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Four Mifid-focused in-house sources at EU investment banks reveal just how little progress has been made on the legal entity identifier front since Esma granted a six-month reprieve from the rule in late December

According to in-house sources at banks, buyside firms and trading venues, best execution reports are both too technical for retail and not granular enough for sophisticated buysiders, rendering them essentially useless for the end investor. They may over time improve accountability, but for now market participants are calling them a dumbed-down version of what many venues already provide

The committee has intervened in the early stages of negotiations on the basis that the buyer's close ties with China could damage US national security

Speaking to the IIB in DC, Quarles suggested improving the clarity and transparency of the Rule to the benefit of firms and supervisory agencies

The regulator has launched a consultation that could result in making compensation for retail investors easier

Caroline Jury Eduardo Fiordiliso In Egypt, Gide Loyrette Nouel became the first French law firm with a presence in the country after launching in the capital, Cairo. Senior partner Baudouin de Moucheron will lead the new branch.

Switzerland has long established itself as an attractive base for cutting-edge technological innovators, notably in the financial sector and related areas. Among other factors, this development has been supported by the Swiss legal and regulatory landscape. Swiss financial regulation in particular is characteristically principle-based rather than rule-based, allowing it to cope well with new, original business models. Furthermore, the Swiss authorities are welcoming of innovation reinforcing Switzerland's position as a successful financial marketplace.

For the past two decades, technology has permeated the financial services market. Developing countries such as Costa Rica and its neighbours are being favoured by these emerging fintech startups. Entrepreneurs are focusing on developing financial tech tools in areas such as lending, payments, alternative scoring, data management, digital banking, personal finance management and crowfunding in order to offer a varied and accessible range of services for different market segments.

Richard Hawkins Prakash Segaran In Australia HWL Ebsworth Lawyers and TressCox Lawyers announced their merger in January. The bulk of TressCox's lawyers will be joining HWL under the plan. Elsewhere Jones Day opened its fourth office in Australia in Melbourne. Three partners will relocate to head up the operation.

The Agreement Abolishing the Requirement for the Legalisation of Foreign Public Documents (Hague Convention on the Apostille ) (Convention) was signed in the Hague, Netherlands, on October 5 1961. The Convention aimed to specify the process for legalising documents through a consulate in one of the contracting states for use in any of the other contracting states.