Editorial

August 01, 2005


This month's cover story explains why the House of Lords' decision in Spectrum Plus is bad news for banks. The ruling by the UK's highest court renders obsolete the fixed charge used by banks as a standard form of security agreement for book debts. This has effectively removed banks' right to jump to the front of the queue to recover the money when...



It's much more efficient in terms of regulatory capital. But it's mad how big they have become

A UK partner reacts to banks' use of derivatives to fund acquisitions

Web seminars

US and EU hybrid capital
February 3 2010
The future of hybrids, in a popular discussion between IFLR, Morrison & Foerster and Calyon

Latest Issue

March 2010

Basel III: The revenge of Basel
New Basel rules are affecting everyone differently. In the UK banks are worried about grandfathering, in Germany the headache is hybrids and in the US it's risk structures. Meanwhile Japan has some tips and Hong Kong structured its first hybrid [more]