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BPCE's $500 million issuance will provide finance for the issuer's clients rather than projects

The Treasury’s suggestion that foreign banks should be judged on their US assets alone has created tensions between industry organisations

The first Hong Kong-led cryptographic token sale has put the territory's relevant laws to the test

The cleanup was carried out as a liquidation, not a resolution, which suggests EU rules are not taken seriously enough

A technical covenant breach reflects larger problems in the documentation standards underlying offerings from local government financing vehicles

Some think the changing investor base means vast parts of the market have outgrown maintenance covenants

Here's a selection of the highlights from IFLR's first white collar forum, hosted in London last month

For regulatory lawyers, 'extraterritorial' is becoming a bit of a buzzword. Seemingly not content with overseeing their own banks, asset managers or insurance firms, the world's regulators have over time, some more slowly than others, introduced far-reaching new provisions that give them the power to regulate others, too.

On a recent trip to Sao Paolo, a local told me that there are three ways to get rich in Brazil: become a politician or a judge, or open a church. While this list may not be exhaustive, and likely untrue, nowhere is the sentiment more pertinent than in this country.

The Central Bank of Ireland (CBI) recently announced that its financial regulatory operations will be restructured to meet the new demands of the regulatory landscape. They will be restructured to comprise two 'pillars' or functions. The first will be prudential regulation covering credit institutions, insurance and reinsurance undertakings and asset management. The second will be financial conduct covering consumer protection, securities, markets supervision and enforcement. There will also be a policy and risk directorate which will support both pillars, but will be part of the financial conduct function for administrative purposes.