Despite China’s efforts to encourage the growth of a domestic securitisation market, its development has been hindered by a lack of legal certainty in one prevalent programme
The Philippines is requiring all banks to comply with its Basel III rules by January 1 2014. In the meantime, the market expects to see the issuance of securities that comply with the latest accord
Recent indemnities in Australian banks’ engagement letters have been a cause of concern. But most market participants agree that fears abroad may be overblown
To compete with bigger international rivals, Asia’s exchanges are working together through partnerships and networks. But some disconnects must be fixed before they reach their potential
China’s courts may increasingly turn to this when considering VIEs The legality of variable interest entities (VIEs) in China is even more uncertain following recent unfavourable rulings in China's highest court and a tribunal of the Chinese International Economic and Trade Arbitration Commission (CIETAC) Shanghai. The structure is also encountering uncertainty in the US, with the Securities & Exchange Commission (SEC) investigating US-listed Chinese companies that have used the model.
Eratat Lifestyle's private placement is thought to be the first asset-backed securitisation sold in the dim sum market. Perhaps more significantly, the deal also introduced the concept of tranching into the market.
An August 1 announcement from Hong Kong's SFC is set to change the way issuers and investors look at placing shares in the city-state. But the SFC is yet to clarify what market protection concerns prompted the move
While the regulatory regimes for Basel III capital requirements differ slightly across Asian jurisdictions, the Reserve Bank of India's approach is considered especially quirky
The Stock Exchange of Thailand is set to increase its profile both within Asia and around the world. Its head of corporate strategy spoke to IFLR about its international plans
Banks in most Asian jurisdictions are rumoured to be planning Basel III-compliant offerings. Here's how lawyers in the region expect the market to develop
