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  • Kyle Shin, CEO of Korean hedge fund Gen2 Partners, discusses the domestic regulatory regime and the future for hedge funds in the country
  • For decades, taxpayers have been bedeviled by the distinction between trading in stocks and securities (eligible for a safe harbour) and lending (generally a taxable business).
  • In light of recent chaebol activity, overseers at the Korea Corporate Governance Service explain how the market must improve
  • Dong Chul Kim of Paul Hastings charts the rise of international offerings by Korean issuers
  • The FSB’s total loss-absorbing capacity rules are still in their infancy, but market participants are worried
  • The UK government’s plans to prohibit the use of cancellation schemes on takeovers is expected to lead to an increase in transfer schemes in the country
  • Clifford Chance partners Debashis Dey and Stuart Ure discuss why the $500 million green sukuk was a game-changer for the fledgling market
  • New rules that expand the Foreign Investment Review Board's approval of investments in agriculture follow growing concern that the sector needs more protection
  • The path to new debt controls in Europe has been gradual and deliberate. Citi's Kepler Geertsema and Jackie Leggett analyse the trend in the context of the restriction on indebtedness covenant
  • Elias Neocleous Since the beginning of 2014, the Cyprus Securities and Exchange Commission (CySEC) has been developing a risk-based supervision framework. By focusing on the entities and activities that are of greatest importance in terms of their potential impact, it aims to increase the effectiveness of its regulatory activities. Consequently, CySEC's assessment of the risk that each individual entity it regulates poses will determine the intensity of supervision. A risk assessment will be performed for all entities at least every year and the outcome will be used to define each entity's monitoring programme for the forthcoming regulatory period. The assessment will be based on the impact, or potential harm that could be caused by a particular set of circumstances, weighted by the estimated probability of those circumstances actually occurring. Risk measures may be quantitative or qualitative. Impact is assessed on the basis of numerical and financial data extracted from the entity's regulatory returns. Probability is assessed on a range of criteria including the entity's governance arrangements and its susceptibility to being used for financial crime.