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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 programme officially opened on November 17. But the exchanges involved are already contemplating the link’s evolution

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).

M&A is back with a bang. As always, IFLR1000’s annual rankings identify the law firms that are shaping the markets to watch

Damien Roberts, Herbert Smith Freehills Chin Chuan Chen, Ashurst Lynia Lau, Stephenson Harwood HERBERT SMITH FREEHILLS (HSF) was active last month, securing a string of hires across the region. Ashurst, meanwhile, has been on the receiving end. HSF raided the silver circle firm in Australia for corporate partner Ian Williams, who will be based in Brisbane, and competition head Liza Carver, who will be based in Sydney. The firm also lost energy and mining expert Damien Roberts to HSF's Tokyo office. ASHURST struck back by adding a new finance partner in Singapore and Beijing to help craft itself a broader strategy in the Chinese market. Chin Chuan Chen joins the firm from Clifford Chance.

Ananda Radhakrishnan, Norton Rose Fulbright Andrew Smith, Covington & Burling Emil Infante, DLA Piper In New York, KATTEN MUCHIN ROSENMAN lured M&A and capital markets partner S Ward Atterbury from White & Case. Known for having worked on Visa's $17.9 billion floatation in 2008, Atterbury regularly advises lenders and borrowers on credit agreements and convertible notes. Another notable move in New York came in the form of SCHULTE ROTH & ZABEL'S hire of special counsel Frank Steinherr from Paul Weiss Rifkind Wharton & Garrison. In the restructuring space, BLANK ROME lured Rick Antonoff from Clifford Chance to its office in Manhattan. Antonoff's creditor-focussed restructuring practice counts American Airlines, the Los Angeles Dodgers and Arcapita among its clients. WILLIAMS MULLEN added Philip Kennedy as a business and corporate partner in its Raleigh, North Carolina, office. A former in-house counsel at Xerium Technologies, he advises clients on M&A, financings, strategic planning, and regulatory compliance.

In the UK the most notable moves came at KING & SPALDING, which hired two US qualified securities partners to expand its capital markets team in the City. Markus Bauman joined from Latham & Watkins while Tom O'Neill had previously practiced at Linklaters. Both partners act on debt and equity matters including IPOs, rights offerings, investment and high-yield bonds, and block trades.

Six months after becoming chief of the global OTC trade body, Scott O’Malia discusses his plans for the cross-border derivative market

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

The last major regulatory reform under Basel III has been announced. But will the measures prevent another crisis?