IFLR Search

How Asian OTC clearing regimes compare

In the second part of a three-part series, a senior lawyer at a US investment bank analyses divergent regimes in Hong Kong and Singapore

IFLR Correspondent, 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

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

Asia/Pacific

Doo-Soon Choi In Australia, WHITE & CASE opened two new offices in Melbourne and Sydney after raiding Herbert Smith Freehills for an eight-partner team. This includes Asia-based finance head Brendan Quinn, regulatory partner Tim Power, projects partners Andrew Clark, Joanne Draper, Jared Muller, Alan Rosengarten, Josh Sgro and Joel Rennie. Elsewhere independent GILBERT + TOBIN hired partner Justin Mannolini in Perth. He is a former Macquarie Capital investment banker.

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

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

China’s crackdown on illegal PE funds lacks steam

The China Securities Regulatory Commission (CSRC) has conducted a sweeping crackdown on illegal private equity fundraising activities onshore, but rules and regulations specifically tailored to address them remain outstanding.

September 26 2016

China’s ABS default prompts NPL securitisation fears

China witnessed last month its first default on asset-backed securities (ABS) but is pushing ahead with its large-scale non-performing loan (NPL) securitisation programme.

September 26 2016

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

Search results for