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  • China's interpretation of some international conventions as well as its broad state secrecy laws and regulations have constructed a type of firewall around its financial institutions. This has, essentially, rendered them nearly immune from the jurisdiction of other countries' courts and regulatory agencies. That may have short-term benefits – namely avoiding litigation in the US – but could ultimately harm their integration into the global financial system.
  • Last month's ruling in the Federal House Finance Authority's (FHFA) case against Nomura and RBS may mark the beginning of closure for the residential-mortgage backed securities (RMBS) market, after the beating it has taken following the financial crisis. The blows to RMBS were both physical to its value, and emotional to its reputation.
  • Keepwells are just like love letters, apparently Chinese corporate issuers are now able to guarantee their bonds, but investors have said that regulatory restraints mean support mechanisms remain popular.
  • A collection of senior central bank officials and regulators have issued a report warning of the evolving risks surrounding algorithmic trading.
  • On April 18 2015, the Cyprus parliament approved a new package of insolvency laws, aimed at streamlining and modernising the existing system and promoting a rescue culture
  • The Volcker rule is coming. European and North American bank counsel speak anonymously – and candidly – about how they plan to comply with its covered fund provisions
  • Last year saw hybrids come back with a bang. Cleary Gottlieb's Sui-Jim Ho looks at whether investors are cognisant of the risks and tradeoffs
  • Mayer Brown's Richard Todd explains why European reforms aimed at improving securitisation transparency could impose unnecessary disclosure requirements on non-public and bilateral transactions
  • Sponsored by Allen & Overy
    Allen & Overy's Bernd Geier and Goldman Sachs' Stephan Funck explain why regulatory capital's treatment complicates issuers’ modelling of conversion and write-down mechanisms
  • The country's new regulations came into force on May 15. Their stricter approach will boost market integrity, but may have an adverse effect on deal-making