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The region’s banks have more than enough Repo markets in Asia are growing and new banking regulations make it more expensive for banks to hold assets on their own books. But collateral in the region must be permitted to move across borders. While dealers in other jurisdictions may complain about a shortage of collateral, the market remains relatively simple in Asia: it's predominantly cash.

The SEC wants it left out of financial reports The number of managers who have moved from hedge fund to mutual fund management since the financial crisis is raising concern among regulators about risk management and disclosures. They are making the switch as a result of the growing popularity of liquid alternative funds (liquid alts).

Misconceptions about the risks and structuring possibilities involved in emerging market mezzanine are limiting investors' ability to tap lucrative opportunities they wouldn't otherwise be able to access.

The lighter side of the past month in financial law

The Association's annual conference last month saw influential rulemakers clarify their positions on TLAC, cross-border cooperation and RMB internationalisation

Elias Neocleous The Memorandum of Understanding that Cyprus concluded with its international creditors in 2013 committed the government to introducing a so-called Foreclosure Law. This legislation seeks to amend the procedure for the forced sale of mortgaged property to allow for private auctions. The initial target date was the end of 2013, but the deadline was extended to require legislation to be enacted by mid-2014 and implemented by the end of the year. The existing system allowed recalcitrant debtors to delay the realisation of mortgaged property for years by means of strategic applications to the courts for orders to cancel auctions, by objecting to the reserve price set by the Land Registry or on a number of procedural grounds. This would mean that the average time taken to enforce a mortgage would be 10 years, and a determined debtor could extend the delay well beyond that.

Julian M Hashim The 2015 budget tabled on October 10 2014 carried the theme People Economy, aimed at improving the well-being of its citizens, and it outlined seven main strategies to achieve that. This article will focus on the first strategy, which is to strengthen economic growth, and in which the Government will continue to provide a conducive and comprehensive ecosystem to accelerate domestic and foreign investment. Among the measures introduced is the strengthening of the Islamic financial market. There will be an introduction of a shariah-compliant investment product called the Investment Account Platform (IAP), which will be implemented with a start-up fund of RM150 million ($45 million). The IAP will provide opportunities to investors in financing entrepreneurial activities and developing viable small and medium enterprises. The IAP will serve as a platform to attract institutional and high net worth individuals to invest in the Islamic financial markets. Individual investors will be given income tax exemption on profits earned from qualifying investments for three consecutive years.

Cao Minh Thi The Tokyo Stock Exchange (TSE) has amended part of the Securities Listing Regulations as of October 31 2014. The amendment is intended to change the listing requirements for stock acquisition rights as a rights offering. A rights offering is a capital increase method using the gratis allotment of stock acquisition rights to existing shareholders. A rights offering where an issuer and a securities company enter into an agreement by which the securities company commits to acquire and exercise the stock acquisition rights that are not exercised within a certain period is called a commitment-type rights offering, while a rights offering under which there is no such agreement is called a non-commitment-type rights offering.

New European directives expand the entities protected by deposit guarantee schemes. Taking Germany as an example, Linklaters' Antje-Irina Kurz and Marcel Gromm explain how the changes represent a significant shift

The British Bankers’ Association explains its stance on the emergence of different regulatory responses to the leverage ratio