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Reforms made to the Insolvency Act over recent years have brought about significant changes to debt restructuring procedures in Spain

When the Central Bank of Myanmar (CBM) announced its second round of foreign bank licensing last December, many were shocked by the pace of the country's liberalisation. But whether their astonishment was a remnant of euphoria from the National League's landslide election victory, or dizziness from a sudden revocation of all foreign exchange licences, was anyone's guess. While some domestic and foreign banks have questioned the government's seemingly overzealous quest for foreign investment, with the first round having taken place just a year prior, others have begun to feel the pinch of reality.

Exchange-traded fund volumes are at record highs, and regulatory attention is on the rise. Nuances between product types and regional treatment makes informed debate more important than ever. A battle is brewing between those who do and don't understand the asset class. IFLR journalists in London, New York and Hong Kong investigate

TLAC is the strongest sign yet that TBTF has seen its last days. Morrison & Foerster's Oliver Ireland and Jared Kaplan explain why

In December 2015 the Cyprus Ministry of Finance issued a Decree implementing the Organisation of Economic Cooperation and Development’s (the OECD) Common Reporting Standard (CRS) and the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA)

While adjudicating a dispute between an international oil company and the Federal Inland Revenue Service (FIRS), the Nigerian Tax Appeal Tribunal (TAT) recently held that where there is a conflict between an agreement and statute, the provisions of the statute prevail

When should a EU directive become a regulation? Some think it's a question worth asking about the Bank Recovery and Resolution Directive (BRRD). Attention has certainly been drawn to the directive since Bank of Portugal's (BoP) December write down of Novo Banco's senior bond tranches.

Egypt is de facto a socialist country. Despite the removal of references to the terms ‘socialism’ and ‘socialist’ from the 1971 constitution in its 2007 amendments and the absence of these terms in the current 2014 constitution, the laws still adopt the concept

The first securitisation to comply with both EU and US rules on risk retention has closed. But it won’t be such plain sailing for others in the family

The lighter side of the past month in the world of financial law