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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

Has New Zealand found a way to keep these away from creditors?

Seda Akipek and Müjdem Aksoy of Cerrahoglu examine the implications of changes to Turkey’s Commercial Code which allow for electronic company meetings

The region’s capital markets specialists reveal how to navigate Europe’s regulatory and market uncertainties over the next 12 months

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.

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

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.

Are multiple administrators key to improving Libor?