Deals analysis

News analysis

  • How Europe can avoid a lost decade

    30 November 2012

    By 1983, Latin America faced mountainous debt and a policy response that was to condemn the region to it's lost decade. Here Cleary Gottlieb Steen & Hamilton's Lee Buchheit outlines how the eurozone could better cope with its crisis

  • Loan Market Association's Clare Dawson on what's next for standardised loan documentation – an IFLR VIDEO

    30 November 2012

    Since 1996, the Loan Market Association has set the benchmark European, African and Middle East’s syndicated loan markets. The LMA’s managing director, Clare Dawson, speaks with IFLR about the Association’s achievements and plans for the future.

  • Mexico’s bellwether case for sovereign debt restructuring

    30 November 2012

    By 1984, Mexico had amassed sovereign debt stocks totaling around $96.6 billion. Whitney Debevoise, a partner with Arnold & Porter and a former US executive director of the World Bank explains how a new debt service programme nearly paved the way for recovery

  • EU bank union terms unravelled

    20 November 2012

    Lawyers remain doubtful compromise terms, circulated last week, relating to the establishment of a European banking union are enough to effect change

  • US Basel delay puts heat on Europe

    20 November 2012

    Lawyers on both sides of the Atlantic have dismissed speculation that the US Basel III delay gives its banks a competitive advantage over their European counterparts

  • Basel III to prompt RMB innovation

    15 November 2012

    The China Banking Regulatory Commission's implementation of Basel III will foster greater complexity in the offshore renminbi market

  • UK lawyers call for restraint in EU membership debate

    15 November 2012

    Market participants expect a UK separation from the EU in the course of the next parliament. But lawyers in London have called for constraint

  • How Basel III will limit Chinese bank financing

    06 November 2012

    Chinese banks’ Basel III concerns are growing as counsel outline how the China Banking Regulatory Commission’s (CBRC) implementation of Basel III will limit Chinese banks’ financing

  • Why Kay, Volcker are wrong about ringfencing

    06 November 2012

    It is possible to effectively ringfence retail and investment activities without restructuring banks into essentially two separate entities

  • Alan Greenspan calls to break up too-big-to-fail banks

    25 October 2012

    The biggest shortfall of the Dodd-Frank Act is its inability to remove incentives that encourage banks to misuse savings under an understanding that they are too big to fail, Former Federal Reserve Chairman Alan Greenspan has claimed

  • US shadow banking: the key concerns outlined

    23 October 2012

    Knight Capital last week reported a quarterly loss of $389.9 million. The colossal fallout has renewed concerns that the shadow-banking sector threatens the stability of the US financial system

  • Why new US stress tests could mean more capital for smaller banks

    23 October 2012

    More financial companies will have to develop models and systems to run stress tests following rules jointly finalised by the Federal Reserve Board, the Office of the Comptroller of the Currency and the FDIC

  • Liikanen outlines consequences of EU's bank overhaul

    22 October 2012

    The proposed European bank reforms could increase shadow-banking activity, Erkki Liikanen, chairman of the European Union High Level Experts Group has warned

  • The year is 2020. Basel 6: how did we get here? - opinion

    19 October 2012

    The shift away from complex risk-weighting towards absolute minimum capital levels suggests Basel III will look very different in just a few years time

  • Could US-style Liikanen reform work?

    16 October 2012

    Following US Republican Presidential nominee Mitt Romney’s pledge to repeal the Dodd-Frank Act, if elected, speculation has grown as to whether US-style Liikanen reforms could feasibly replace Volcker

  • Global regulators to copy UK’s relaxed capital rules

    16 October 2012

    Other countries are tipped to follow the UK Financial Services Authority’s (FSA) lead and soften bank capital requirements ahead of Basel III implementation

  • How EU Liikanen will change global banking

    15 October 2012

    Lawyers discuss how Liikanen proposals will impact global trading and outline how European banks can continue to work within the new framework

  • How Liikanen will impact Vickers implementation

    12 October 2012

    European banking reforms, as proposed by the Liikanen Commission, are likely to supersede or replace the UK’s Vickers, lawyers have predicted

  • Liikanen Report: market concerns

    11 October 2012

    UK lawyers have branded the Liikanen Committee’s recommendations counterproductive. Here's why

  • Why an EU banking union poses an existential threat to the UK - opinion

    11 October 2012

    A banking and fiscal union in the Eurozone would represent an almighty challenge to the UK, says Cities of London & Westminster MP, Mark Field

  • Wheatley’s Libor Review: what will it achieve?

    28 September 2012

    Questions as to whether criminal sanctions for manipulating the London Interbank Offered Rate (Libor) will have retrospective effect have dominated the market reaction to this morning’s release of the Wheatley Libor Review’s final report

  • EU split over banking union decentralisation

    25 September 2012

    German support for an EU banking union increased after the European Commissioner Michel Barnier clarified that national regulators will continue to have a role. But non-eurozone member states remain unconvinced

  • What Europe’s LBO debt wall means for the future of financing

    25 September 2012

    Up to $550 billion of European LBO loans are due to mature between now and 2016. What are the options for addressing the huge refinancing burden and what new trends are emerging in this changed financial landscape?

  • Why EU banks need limited liability

    16 September 2012

    Ahead of the anticipated Liikanen Report, UK lawyers have warned that European policymakers should be introducing limited liability for EU banks, not more regulation

  • Russia loan standardisation timeline revealed

    29 August 2012

    Diversification of Russia’s banking sector following its accession to the WTO will be constrained by raising global capital requirements. But the sector should be bolstered by loan standardisation expected this year

  • South Korea’s new short-term Cofix rate raises concerns

    29 August 2012

    Investigations into South Korea’s CD rate-setting prompted the country’s FSC to introduce the Cofix benchmark for short-term lending rates. But there are issues with Cofix setting too

  • Why bank liability could reinforce Fannie and Freddie as mortgage guarantors

    29 August 2012

    Proposed amendments to Regulation Z of the Truth in Lending Act could increase investment in residential mortgages guaranteed by Fannie Mae and Freddie Mac just as the US government moves to unwind the government sponsored enterprises

  • Tibor & Sibor reforms set to follow UK

    31 July 2012

    The UK’s FSA today revealed it is considering scrapping Libor. Lawyers in Tokyo and Singapore expect Tibor and Sibor amendments to follow those made in the UK and US

  • How to fix Libor

    18 July 2012

    The US Federal Reserve chairman yesterday branded the Libor setting process as structurally flawed. US and UK market players outline the required reforms. But equivalent indices must also change if confidence in the system is to be restored