What to watch out for

This is 2010

February 01, 2010


Despite the volume of regulation last year, 2010 will be all about deal trends. Expect covered bonds, flipper clauses and floating-rate collars. Oh, and the dreaded return of cov-lite. By Elizabeth Fournier, Rachel Evans, Nicholas Pettifer and Tom Young

Close-out netting in China
Asia stock exchanges
Asia structured finance
Merger control
Asia covered bonds
US antitrust
Covenant-lite loans
European private equity
Esma
Flipper clauses
US unpredictability
Floating-rate collars
US covered bonds
US private equity
Counterparty risk


Asia derivatives

Close-out netting for China

Despite a derivatives market that follows its unique economic model, China could follow international best practice in 2010

China is establishing an independent derivatives market that supports its economic model. It has forged ahead on this path for the past 12 months, albeit sometimes at its own expense. But one area in which China could follow international best practice in 2010 is close-out netting.

"I think that something will happen in 2010 or the next two years to strengthen certainty on close-out netting," says Jane Jiang of Allen & Overy. "This could happen at a secondary legislative or judicial level. The pressure is building up and people are seeking clarification. Some action will be taken."

This will be a relief...



These so-called experts will be conservative in their approvals

A Korean in-house on the chances of the pre-approval committee allowing new OTC products

Web seminars

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

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