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Korea’s P2P plans must be binding

The rush to P2P loans has been spurred by a slump in ten-year government bonds Korea's Financial Reform Committee has set up a task-force to draft industry guidelines aimed at protecting investors from fraud by peer-to-peer (P2P) lenders, following several high-profile cases in China and the US. However, this approach has been deemed insufficient because the guidelines are not legally binding.

September 26 2016

Americas: Madness

Regulatory headaches Insanity in individuals is rare, but in groups, parties, nations and epochs, it is the rule, according to Nietzsche. Individually we think we're smart: in aggregate we move with the herd. As a quote, it probably does quite well to describe our current economic and financial state of affairs too.

September 26 2016

Regulatory divergence could hamper blockchain

Blockchain linked to troubled times ahead A World Economic Forum (WEF) report has revealed that blockchain could transform financial infrastructure, but lawyers believe regulatory differences may hamper its progress.

Edward Price, September 26 2016

Europe: Not looking forward

The relative lull during the summer while British MPs kicked back in the tropics or, in Prime Minister Theresa May's case, hiked the Alps, had some of the optimists thinking all that Brexit drama had been much ado about nothing. But as of writing in early September, the sharpened pencils of a new term have hardly been blunted and yet the UK has already been served a heavy reality check.

September 26 2016

DEAL: EIB test drives new tool on Germany’s A8 motorway

The first project to make use of the European Investment Bank's (EIB) new credit enhancement tool is expected to pave the way for future deals.

September 26 2016

Brexit's implications for merger control

The EU’s one-stop shop principle for concentrations faces an uncertain future following the UK’s Brexit decision. Several scenarios could play out

September 26 2016

Brazil: Foreign documents

Rafael Baleroni Amanda Sobreira Arêas The Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents, also known as the Apostille Convention, was enacted in Brazil on February 1 2016. It became valid before all signatory countries on August 14 2016.

September 26 2016

Colombia: Virtual currency regulation

Carlos Fradique-Méndez Sebastián Boada Morales Virtual currencies have become increasingly important in recent years. Having analysed both the potential benefits and pitfalls, regulators must now decide how they will deal with the issue. A recent study from the International Monetary Fund describes virtual currencies as "difficult to regulate and opaque". It further states that they operate outside of the conventional financial system.

September 26 2016

How to jumpstart sovereign debt

The risk of public defaults is on the rise, boosted by persistently low interest rates and a distinct lack of fiscal policy. However, the preventative measures and restructuring tools that have been used historically need to improve to avoid disaster

Edward Price, September 26 2016

Guatemala: New financing legislation

Diego Alejos Bill 4895 (the Factoring Agreement and Discount Law) and Bill 4896 (the Leasing Agreement Law) have been thoroughly discussed in Congress recently. Both aim to help the development of the nation's economy, by providing individuals with new financing methods. Both bills also introduce some interesting concepts which, if applied, could be beneficial to the contracting parties.

September 26 2016

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