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Asian Development Bank priced its first green bond last week in a move that is expected to boost the asset class in the region

The market has outlined what it wants to see in the final rules of the country's mooted bankruptcy regime

Nawir Messi, chairman of Indonesia’s Commission for the Supervision of Business Competition, spoke with IFLR about its growing role

Banji Adenusi To address liquidity challenges in the Nigerian electricity supply industry, and create an economically viable and sustainable sector, the Nigerian Central Bank recently issued terms and conditions to deposit money banks for participation in the Nigerian Electricity Market Sector Facility (CBN-NESMF). This follows the handover of the Nigerian utility company, PHCN, to successor companies. The N213 billion ($1 billion) facility, with a 10-year tenor and 12-month moratorium period on the principal amount, is designed to settle outstanding payment obligations to market participants, service providers and gas suppliers in the Nigerian electricity market (beneficiaries), and will be warehoused in an SPV set up by the apex bank and the Nigerian Electricity Regulatory Commission, and under administration and management of an asset manager. As expected, the special purpose vehicle (SPV) will refinance the facility by repaying the lenders in proportion to their stated commitment as defined in the various transaction documents, with the Central Bank subscribing to debenture notes issued by the SPV in the total sum of the facility amount. Of crucial importance is the role played by the banks and their designation in relation to their functions. Yet, what is common to all is the responsibility of ensuring the reasonable protection of the best interests of the SPV.

Hogan Lovells' Lewis Cohen and Edgard Alvarez, with Sairah Burki of Structured Finance Industry Group, explain why the adoption of a HQS label could spell trouble for transactions that don’t meet the label requirements

For investment funds, smart beta is purported to be innovative leap. But, as explained by Arthur Cox's Adrian Mulryan, there are questions over whether marketers are steering it into choppy retail waters

Outbound investment soared last year. Several government initiatives – including the Asia Infrastructure Investment Bank – mean 2015 could see even more activity

João Nuno Riquito and Carlos Eduardo Coelho of Riquito Advogados explain the contentious process of abolishing bearer shares as part of the fight against money laundering and financial terrorism

The UK Financial Conduct Authority's (FCA) review of structured product governance has criticised the ways in which the instruments are developed and sold, warning that binding rules may be necessary.