- Home/Publications/Financial Regulation International
Turning the compliance straitjacket into a bulletproof vest
In the last few years, several banks have received some of the largest fines ever issued by regulators as a result of manipulating systemically important interest benchmarks (SIIB) – think LIBOR and EURIBOR – and the Payment Protection Insurance..
Online Published Date:
01 December 2015
Appeared in issue:
18.9 - 01 December 2015
‘Runaway bosses’ in China: Private lending, credit crunches and the regulatory response
In recent years, the term ‘pao lu lao ban’, or ‘runaway bosses’ in English, has drawn intense attention from Chinese and Western media.[1] In China, it has been difficult for privately owned businesses to obtain loans from the state-run banking..
Online Published Date:
01 December 2015
Appeared in issue:
18.9 - 01 December 2015
We won’t cry for Argentina: Will NML Capital Ltd v Republic of Argentina change the status quo? – Part I
In December 2001, the Republic of Argentina announced a temporary moratorium on its debt service payments in the midst of a financial crisis and defaulted on more than US$95 billion in external debt. This constituted the biggest sovereign default in..
Online Published Date:
01 December 2015
Appeared in issue:
18.9 - 01 December 2015
Combating corruption worldwide: SEC reinforces FCPA enforcement
Since the news of German company Siemens AG[1] being sentenced to a record-setting $450m fine in 2008, non-US corporations have had a firm eye on developments regarding the Foreign Corrupt Practices Act 1977 (FCPA) and its enforcement. As (criminal)..
Online Published Date:
17 December 2015
Appeared in issue:
18.10 - 17 December 2015
We won’t cry for Argentina: Did the interpretation of Pari Passu in NML Capital, Ltd v Republic of Argentina change the status quo? – Part II
While the holdout problem in sovereign debt restructuring had been widely acknowledged for years, NML Capital created broad-based interest amongst the sovereign debt community to find a solution. Because NML Capital’s expansive interpretation..
Online Published Date:
17 December 2015
Appeared in issue:
18.10 - 17 December 2015
The ISDA 2015 Universal Resolution Stay Protocol: Novelties of the Stay Recognition for financial contracts
Financial contracts such as derivatives, repurchase agreements and securities lending transactions serve vital functions for financial institutions as they facilitate risk management and provide liquidity. The agreements may provide for rights to..
Online Published Date:
17 December 2015
Appeared in issue:
18.10 - 17 December 2015
2015: The calm before another storm?
Round up of the top 10 UK regulatory developments
Online Published Date:
17 December 2015
Appeared in issue:
18.10 - 17 December 2015
We won't cry for Argentina: Did the interpretation of Pari Passu in NML Capital Ltd v Republic of Argentina change the status quo? - Part II
While the holdout problem in sovereign debt restructuring had been widely acknowledged for years, NML Capital created broad-based interest amongst the sovereign debt community to find a solution. Because NML Capital?s expansive interpretation of..
Online Published Date:
17 December 2015
Appeared in issue:
18.10 - 17 December 2015
Combating worldwide corruption
Since the news of German company Siemens AG[1] being sentenced to a record-setting $450m fine in 2008, non-US corporations have had a firm eye on developments regarding the Foreign Corrupt Practices Act 1977 (FCPA) and its enforcement.
As..
Online Published Date:
17 December 2015
Appeared in issue:
18.10 - 17 December 2015