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Banks and regulators have reacted impressively to fintech’s rise. Incoming rules and Brexit will challenge them further

Another round of consolidation in the Iberian financial sector is expected in 2017. And, if only in terms of the semi-announced and widely discounted merger between Bankia and Banco Mare Nostrum (BMN), this new round does indeed seem likely. More broadly, the present map of institutions, with roughly 15 substantial financial groups (though with remarkable differences in size) is commonly acknowledged as an intermediate stage in the route towards a landscape that will be dominated probably by fewer than 10 groups.

Janney Chong Chinese firm ZHONG LUN has opened its 15th office in China, in Hangzhou, driven by finance partner Yuan Ting. Corporate partner Li Ya and private equity partner Michael Zhang will work alongside Ting with all three partners splitting their time between Hangzhou and Beijing. The new office will provide advice in corporate, finance, restructuring and real estate to clients in Hangzhou and neighbouring areas.

The Latin American and Caribbean (LAC) region is at the centre of a perfect storm. Despite three of the top ten most expensive natural disasters since the 1980s occurring there according to German insurer MunichRe, many countries there have little to no disaster risk financing mechanisms to support recovery and rebuilding efforts after a catastrophic event.

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

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

In the midst of the most ambitious concession programme in Colombian history (4G), the country is suffering a backlash from the most profound corruption scandal in the region.

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).

Driss Bererhi Arne Kluewer

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.