Magazine - April 2017

In publication since 1982, IFLR has become the trusted source for in-house counsel and law firms specialising in financial law.

Cover Story

  • The shock of the new

    Banks and regulators have reacted impressively to fintech’s rise. Incoming rules and Brexit will challenge them further



  • Complexity surrounds the prevention of EU CCP failure

    The critical status of clearing houses in the derivatives market is protected by EU-level regulation. But the fact that no single solution has been chosen to tackle potential issues is causing concern.

  • Head-to-head

    IFLR's new feature explores conflicting points of view on EU retail investor protection

  • Deal of the month: Iraq’s first international sovereign bond

    Stepping up The US acted as guarantor of Iraq’s first international sovereign bond, a move which helped the Middle Eastern nation secure capital markets’ support to reduce its public deficit

  • Asia winners

    All the highlights from the night’s winning deals, teams and individuals

  • A new environment

    Anne-Marie Bohan of Matheson surveys the current legal landscape in Ireland for fintech and looks at some of the latest regulatory developments

  • Beyond banking

    Benedikt Maurenbrecher, Daniel Haeberli, Urs Meier and Manuel Baschung review the legal framework for fintech in Switzerland and examine the key regimes at work and proposed rule amendments

  • Regulating innovation

    Peter Hsu and Daniel Flühmann of Bär & Karrer survey new Swiss Federal Council proposals to amend rules to facilitate fintech, and look at some of the pros and cons of the current system

  • Launch of new EU senior non-preferred debt raises questions

    This new asset class may classify as bail-in eligible debt, but teething problems have been felt in several EU jurisdictions

  • MAR’s teething problems analysed

    Nearly a year after the regulation came into force, the market is still adapting to the change in regime

  • Saudi launches new stock exchange for SMEs

    The G20 country has launched a new equities market with lighter listing requirements aimed at boosting and diversifying SME funding in the region

  • Leveraged debt fights back

    Despite a tough year, debt instruments are facing up to challenges with renewed resilience

  • HY bond covenants divide the market

    While US bond issuers would tend to favour flexibility in devising their covenant packages, investors can also fight back

  • Japan’s fintech strategy a work in progress

    Recent amendments to Japan’s banking regulatory framework are expected to boost the profile of fintech companies and enhance the protection of customers using their services

  • Merit of risk retention rules in the spotlight

    Recent US rules were designed to tackle issues identified in some asset-backed security markets. But it’s still uncertain whether keeping an interest in the securities issued will improve their quality

  • Fintech regulation unbalances financial services market

    Regulators globally are faced with the prospect of having to balance compliance and consumer protection with the promotion of new business models and innovation

  • Buying banks in Indonesia

    Imran Muntaz, Michael Cecio Bangun and Miriani Holungo of Imran Muntaz & Co. discuss the rules applicable to foreign ownership of domestic banking and financial institutions

  • Edcon's landmark debt restructuring explained

    The South African retailer's capital reorganisation was complicated by the existence of three tiers of debt, the company’s scale and its national importance

  • Closing conditions

    The lighter side of the past month in the world of financial law

News analysis

People and firms

International briefings



close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb