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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.

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.

It's been a few months of ups and downs for the global financial markets. Brexit and Donald Trump, as well as other government elections and reshuffles in a number of jurisdictions have all played a role in upsetting the stability of the markets.

No rest for the EU financial markets this summer

Chinese capital markets are heating up A combination of a depreciated Chinese currency and crackdown on speculation on real estate has, among other things, pushed Chinese companies to tap the international high yield bond market. But, when IFLR reported in late April on the influx of PRC issuers – a growing number of whom are local government-owned entities based in third or fourth-tier cities – issuing high yield dollar paper offshore, the country's regulators had not publicly responded to potential default concerns. Only the Shenzhen branch of the National Development and Reform Commission (NDRC) was reported to have required corporates based in Shenzhen raising mid-to-long-term offshore dollar debt to submit credit ratings reports issued by Moody's, S&P or Fitch as supplementary documentary evidence.

Market instability in Africa’s second-largest economy has impacted deal levels. But a number of growth areas could underpin future investment possibilities

Following up on an article published last year in IFLR by Consortium Legal – Honduras regarding anti-money laundering (AML) legislation, on June 6 2017 the National Banking and Insurance Commission (CNBS) issued the Regulation on the Registration of Non-Financial Professions and Activities (Regulation). Beginning June 15 2017, attorneys, accountants, and various non-financial businesses, including but not limited to car dealerships, casinos, jewellery retail shops, real estate companies, and companies that grant loans without performing financial intermediation, will have to register with the AML registry for non-financial professions and activities of the CNBS.

The ripple effects of the UK’s decision to leave the EU are being felt globally, including in the Channel Islands and the Isle of Man, which are seeing renewed demand for their alternative stock market option

First published by the Council of Experts on the Stewardship Code in February 2014, the Principles for Responsible Institutional Investors – Japan's Stewardship Code experienced its first amendment on May 29 2017.

The Republic of Panama has signed over 10 tax information exchange agreements (TIEA) with countries such as Canada, Finland, Denmark, the US, and Japan, eight of which are in force. The majority of Panama's signed TIEAs contain an exchange of information clause upon request.