What to watch out for

This is 2010

February 01, 2010

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...



Web seminars

US regulatory reform
August 3 2010
The impact of US regulatory reform on foreign financial institutions and issuers. A discussion with UBS, Morrison & Foerster and IFLR

Latest Issue

September 2010

Avoiding the circular
China-based companies are moving away from Circular 10 when listing abroad. New work-around structures are emerging [more]