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Sebi's 2013 discussion paper on safety nets for IPOs froze India’s market. But the regulator's new solution for IPO pricing may not entirely protect retail investors

BoE's director of market strategy has outlined key themes from responses to the Fair and Effective Markets Review consultation. Buy-side reluctance to lead means regulators may intervene.

The regulator's chief executive has called on lawyers to engage in the moral debate over foreign exchange manipulation rather than focus on bright lines

WIthout access to the Bankruptcy Code, the US territory's government-owned utilities face a long and uncertain court restructuring process

Sagent Advisors’ head of M&A discusses the key trends in the US market, and what to expect for the rest of 2015

The bank’s EMEA head of M&A, Matthew Ponsonby discusses the dealmaking environment for 2015

The emphatic message from poll respondents is that shareholder engagement must be boards’ priority in the lead-up to proxy season

Some banks’ internal risk calculations are equally unreliable Europe's policymakers have been focussed on breaking the link between banks and sovereigns since the eurozone crisis in 2012, when Greece defaulted on its debt. However, under EU rules, banks remain free to automatically rate all debt issued by the bloc's 28 member states as risk free, allowing them to avoid capital charges and understate the riskiness of their assets. This broad loophole applies irrespective of whether those bonds are issued by the government of Germany, or the government of Spain, Italy or Ireland.

ETMFs open the door to fancier baskets The success of investment management firm Eaton Vance's exchange traded mutual funds (ETMF) could lead to new US products that also attempt to mirror more than one fund type. ETMFs combine the intraday trading ability of an exchange traded fund (ETF) with net asset value (NAV) pricing used in mutual funds. This offers actively-managed ETFs a way to protect their proprietary indexes.

Deal-hungry operators think Europe has too many