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US banks have too many A study by the New York Federal Reserve has revealed growing complexity in the way banks maintain foreign subsidiaries, but not a corresponding increase in risk. The number of legal layers between a bank subsidiary and its top holder has expanded from three in the 1990 to an average of five in 2014. According to data from the National Information Center (NIC), the largest separation between a US bank and a bank subsidiary was 16 layers, and 19 for a non-bank subsidiary.

Since the first drafts of post-crisis reforms appeared in government corridors, many have feared that lawmakers are too focussed on regulating the past. Some of the initiatives thrashed out during those first months – the G20's 2009 Pittsburgh agreement on centralised clearing for OTC derivatives, for example – are so sensible that their pre-2007 regulatory situation now seems inconceivable. But others – like the EU's clampdown on repo – suggest they are so intent on preventing yesterday's crisis that making, often misguided, changes at the margins is considered worthwhile use of their time.

Volatility and a lack of liquidity in Aim-listed stocks has sparked growing interest in UK Pipes [private investment in public equity]. But deals today may not be indicative of a long-term trend.

The House of Representative of Indonesia is discussing draft legislation on land to replace Law 5 of 1960

Commentators around the world have speculated over the cause of the stock market crash, and the effects of the CSRC’s response. Here’s the view from Beijing

Asia's regulators are taking an increasingly proactive stance towards fintech development and its evolution. A group of Chinese authorities has come together to announce a set of regulations in this area, while the Monetary Authority of Singapore (MAS) has recently announced that it will invest in developments in this space.

The US government needs to start filling them

US in-house believe the Jobs Act should be extended to larger issuers. But the law alone won’t bring companies to market

When General Electric (GE) first agreed to buy Alstom's thermal, renewables and grid businesses back in April 2014 for $13.5 billion, it surely knew the deal would be no easy feat.

Recent reforms have piqued the interest of foreign investors. Panellists at this September 10 event in Mumbai debated their impact. Here are their key messages