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Freddy Karyadi Oene Marseille Indonesia's Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) has recently issued Decree No KEP-716/BL/2012 on Investor Protection Fund Organisers. It includes details on Organisers stipulated under the Decree's Appendix, Rule VI.A.5 on Investor Protection Fund Organisers. Decree 716 is a follow up to Decree 715, which establishes an Investor Protection Fund. In order to operate as an Organiser, a party must secure a business licence from Bapepam-LK. This can be obtained by submitting Form VI.A.5-1 along with the required documents as stated in Paragraph 13(a) of Decree 716. Bapepam-LK will either approve or deny the application.

All the chapters from IFLR's latest Turkey guide are available to view in e-book format

On average the payment of claims of companies and individuals against the Italian public sector – central government, regions, municipalities, public entities, and so on – arising from public contracts is characterised by huge delays compared to other EU countries. This has led to a considerable increase in the amount of overdue debts owed by the public sector, depriving struggling companies and individuals of much-needed liquidity.

Turkey’s drive to align with international business standards has not discounted the importance of a customised regulatory framework that reflects market realities and medium-term projects. Ahmet Kerem Özsahin, director of the department of legal counselling at the Capital Markets Board of Turkey, explains how

The Turkish PPP mechanism is mainly based on collaboration between public and private sectors. This allows the public and private sectors to share the investment cost, risk and profit related to such investment and services. Throughout the last decade the number of PPP projects in Turkey has significantly increased, especially, most recently, in the healthcare sector. Accordingly, the new PPP law on healthcare sector No 6428 was recently enacted. It entered into force on March 9 2013.

The latest draft of the European Commission's (EC's) Financial Transaction Tax (FTT), far from forming a vital part of the arsenal of post-crisis reform, would freeze credit markets in Europe.

As bank liquidity dries up, the market’s future rides on its participants’ ability to innovate. Here’s what will and won’t work

Are multiple administrators key to improving Libor?

Thomas A Humphreys Remmelt A Reigersman Late last year, House Ways and Means Committee chairman David Camp sent a letter to the House Committee on Financial Services (HFSC) outlining amendments to the Covered Bond Act (CBA) that significantly alter the tax treatment of covered bond pools segregated from the issuer's estate after an event of default. Covered bonds are debt obligations that are recourse either to the issuing entity or to an affiliated group to which the issuing entity belongs, or both. Upon an issuer default, covered bond holders also have recourse to a pool of collateral (known as the cover pool), separate from the issuer's other assets.

Start again. That was the message last month from the Bank of England's financial stability head, Andrew Haldane. For too long regulators had reacted to problems that emerge by papering over cracks one at a time, Haldane complained in his acceptance speech for this year's IFLR European Regulatory Contribution Award. This has inevitably led to a regulatory patchwork of make-do-and-mend. "History locks in the idiosyncrasies and complexities of the past, generating a steadily rising tide of red tape," he explained.