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  • The new Law on Real Estate Business (LOREB) stipulates that before selling or hire-purchasing houses to be built in the future, investors in real estate projects (investors) must have their financial obligations for clients guaranteed by eligible commercial banks when the investors fail to hand over houses according to the schedule committed to clients
  • Looks a lot like the EC’s retail concerns? Since the Alternative Investment Fund Managers Directive (AIFMD) was fully implemented in 2011 the intention has been to extend the passport scheme to non-EU fund managers.
  • 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
  • Japan and the EU’s central banks’ monetary policy in action? If the Great Moderation has long gone, and the Great Recession is (kind of) over, exactly what era are we living in now?
  • So after months of rumour and speculation, it's official: the beast that is Mifid [Markets in Financial Infrastructure Directive] II is to be delayed. To the disappointment of some but the glee of most, the European Commission formalised the announcement in February.
  • 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)
  • 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
  • Counsel in the US are examining new rules on margin requirements for uncleared swaps. While the rules will boost counterparty risk management, they may also negatively impact the availability of collateral, boost shadow banking and increase transatlantic regulatory arbitrage.
  • 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.