News analysis

  • AIFM drafts split on disclosure and capital rules

    28 May 2010

    Disclosure thresholds and capital rules differ in the two AIFM directive drafts. But neither is ideal

  • Banks’ US derivative fears revealed

    28 May 2010

    The push-out provision for spinning derivative portfolios and difficulties in managing new and old transactions are among US banks’ biggest worries

  • Volcker threat increases

    28 May 2010

    Despite derivatives reform being the primary cause for debate, the private equity industry is concerned about the impact of the Senate bill

  • CDOs in the spotlight

    26 May 2010

    CDO investigations have prompted concern over civil claims by investors. They could test UK precedents, which have so far favoured arrangers

  • Demand disclosure from sovereigns

    26 May 2010

    Sovereign issuers can no longer rely on reputation alone when selling bonds. They must face up to industry disclosure standards, and investors should demand more too

  • First foreign listing in Taiwan explained

    26 May 2010

    In a development that will internationalise Taiwan’s stock exchange, Integrated Memory Logic has become the first foreign company to list on the main board

  • The uncertain conclusions

    26 May 2010

    The SFC will still remove safe harbours for structured products in the reformed offering regime. And confusion lingers over definitions

  • New rules encourage HK minerals listings

    25 May 2010

    Hong Kong’s stock exchange has released new rules for listing minerals companies that will encourage more offerings from international resources companies

  • Pru prospectus unravelled

    21 May 2010

    The fee riddle solved by standby financing, and the underwriting agreement without termination rights

  • Pru’s liquidity clause appeases HKEx

    21 May 2010

    A unique liquidity provision in the prospectus for Prudential’s rights issue will allay HKEx concerns over price volatility when the group lists in Hong Kong

  • Aima: Asia should wait for funds directive

    20 May 2010

    As Europe considers the latest two versions of the AIFM directive, Aima believes third-country regulators should resist pre-emptive changes

  • EU directive will push Asian funds regulation

    20 May 2010

    As EU ministers pledge support for the AIFM directive, Asian regulators are preparing their funds for greater oversight

  • Know your SEC reviewer

    20 May 2010

    Why it is crucial for listing companies to find out which group at the SEC is likely to review its initial public offering after filing

  • Indonesia may amend material transaction rules

    18 May 2010

    Bapepam plans to alter controversial rules governing material transactions, to the relief of issuers and underwriters doing debt offerings

  • Public JVs could lose pre-emption rights in India

    14 May 2010

    Investors in India may be prevented from exercising pre-emption rights over a listed JV's shares, if a recent high court decision on a shareholders’ agreement is upheld

  • Goldman litigation will spread

    11 May 2010

    Goldman Sachs expects more litigation in the wake of the Abacus CDO investigation. And other banks could face regulatory investigations too

  • HIRE must be refined before it’s introduced

    11 May 2010

    The final structure of the US bill imposing a withholding tax on foreign bond issuers has calmed industry fears, but problems must still be resolved before it can be implemented smoothly

  • Why HK civil sanctions will fail

    11 May 2010

    A civil regime to penalise non-disclosure of information will not work. Hong Kong needs criminal sanctions

  • India reform will damage securitisation

    07 May 2010

    The Reserve Bank of India (RBI) wants banks to retain loans for a period before securitisation

  • How Japan’s first rights issue is structured

    05 May 2010

  • A new vehicle

    05 May 2010

    France’s first domestic securitisation company will help encourage the sector’s recovery, and has some interesting insolvency provisions

  • Regulators must cooperate

    04 May 2010

    Hong Kong wants statutory backing for the disclosure of price-sensitive information. But the exchange and SFC must work together

  • Mutual fund rules to improve India governance

    01 May 2010

  • Reinforcing security

    01 May 2010

    How the decision to repeal the safeguard procedure for a Lehman Brothers securitisation vehicle will support security arrangements for French structured finance

  • Hong Kong’s new bridge

    01 May 2010

    New bridging arrangements have opened up Hong Kong’s securities markets further. Here’s how they worked on Fortune Reit’s listing