India’s new rules allowing local companies without a domestic listing to list overseas have generated excitement, but market participants believe that more clarity is needed
Panellists at IFLR's India Capital Markets Forum agreed that the introduction of real-estate investment trusts would benefit the local market, and could pave the way for business trusts in India
The challenge for Asia’s capital markets is ensuring they retain their competitive edge. Here, industry specialists reveal how the region should tackle its next phase of development
Asia needs a more joined-up approach to bank resolution Although bank resolution has remained a key topic in the aftermath of the global financial crisis, solutions in Asia seem to be focused on local rather than international concerns. Panellists at a recent Latham & Watkins restructuring seminar in Hong Kong agreed that although Asia was less impacted by the 2008 global financial crisis than other areas, the default of Lehman Brothers' structured notes affected retail investors in Hong Kong and Singapore.
Investors are demanding safer structures now Singapore securitisation might be slowly making a comeback. But deals are far more conservative than those seen in previous years. The securitisation market in Asia has been slow to take off since the global financial crisis. Although Singapore commercial mortgage-backed securities (CMBS) weren't heavily affected during the crisis, investors were sceptical of the product's safety following incidents in the US.
Recent disputes regarding Indian Apollo Tyres’ acquisition of US-listed Cooper Tire underscore why Asian corporates looking to the US must understand its deal protection mechanisms and court precedents
