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Nearly a year after the regulation came into force, the market is still adapting to the change in regime

Driss Bererhi Arne Kluewer

This new asset class may classify as bail-in eligible debt, but teething problems have been felt in several EU jurisdictions

Recent amendments to Japan’s banking regulatory framework are expected to boost the profile of fintech companies and enhance the protection of customers using their services

Stepping up The US acted as guarantor of Iraq’s first international sovereign bond, a move which helped the Middle Eastern nation secure capital markets’ support to reduce its public deficit

Advance approval from the Philippine Insurance Commission (IC) is now required to acquire a stake in a Philippine corporation that is licenced as an insurance broker or reinsurance broker. This is based on the IC's circular letter number 2017-09 dated February 14 2017 which prescribes guidelines on the documentation requirements for acquiring a domestic insurance or reinsurance broker.

In November 2016, the Cyprus Securities and Exchange Commission (CySEC) issued circular C166 dated November 4 2016 to the administrative services providers (ASPs) it regulates. The circular informed ASPs of their obligation to notify CySEC of any changes in their circumstances and personnel, under articles 7, 8, 9, 13 and 25 of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012 (Law 196(I)/2012) (the ASP law). Circular 190, issued on February 21 2017, reaffirms that any changes should be reported immediately.

Recent US rules were designed to tackle issues identified in some asset-backed security markets. But it’s still uncertain whether keeping an interest in the securities issued will improve their quality

The South African retailer's capital reorganisation was complicated by the existence of three tiers of debt, the company’s scale and its national importance

Vietnam has kept distribution services, including retail business, open to foreign investors for years without any restriction. The only exception to this has been certain kinds of goods, such as rice, oil, medicines and cigarettes, which are monopolised by domestic enterprises, and the need for an application for the Economic Need Test (ENT) required for the opening of each individual retail shop by foreign-invested enterprises (FIEs).