Linklaters lawyers unravel the intricacies of the new rules and what implementation challenges can be expected for banks
A proposal to require that more US Treasury trades be centrally cleared could concentrate too much risk and create another ‘too big to fail’
Linklaters counsel Alejandro Gordano considers key aspects regarding the reclassification of standard bonds as ESG instruments
Proposed rules screen out less credible issuers but will lead to more delays and uncertainty around deals
Grey areas remain over changes to debt and equity capital markets bookbuilding
The proposals also raise questions over the complexity of the capital requirements framework for banks
As proposals for the new measure move to the trilogue negotiations stage, questions over issuer-level requirements, a changing taxonomy and enforcement will be key areas to watch
The Futures and Derivatives Law is the first of its kind in the country and outlines ground rules for trading, settlement and delivery while clarifying uncertainty on close-out netting
CABEI’s ambitious proposal is in for a sea of struggles as it looks to unite a mishmash of regulatory markets
A debt restructuring for Ukraine is unlikely to pose legal challenges given the international goodwill towards the country and the precedent set by its 2015 restructuring
The EU's extended plan creates voluntary framework to fill in Taxonomy’s gaps
The innovative blended finance product was initially based on an impact bond model, however the capital-at-risk structure had to be changed to make the bond commercially tenable
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IFLR’s free-to-read explainer series looks at how securities firms are preparing for the new rules
IFLR spoke to bankers and lawyers about the regulation-light German bond/loan hybrid that’s becoming increasingly popular across Europe
A closer look at fallback reference rates in standard documentation for Libor contracts following its permanent cessation in 2021
Regulators’ answer to the Libor-rigging scandal is confusing market participants everywhere. IFLR explains what you need to know in the latest instalment of this free-to-read series
The two powers are diverging on their approaches to Russia for the first time
IFLR's latest primer looks in depth at the most likely long-term replacement for the Libor benchmark interest rate
The second part of IFLR's Sonia primer looks at how a new forward-looking rate could work
Asia Pacific markets are also getting ready for the end of the 30-year old rate
The PRC is focusing on internationalising the use of the renminbi
The first part of this primer takes a look at the benchmark that is being touted as the one the market will use post-Libor in the UK
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Opinion: Bridging the gender gap through bonds
Use-of-proceeds and sustainability-linked bonds offer ample opportunities for issuers and investors to channel financing to address gender inequality in Asia -
Opinion: Sri Lanka inching closer to looming debt cliff
The island nation needs to consider restructuring options while reorienting its economy to reduce import dependence -
OPINION: China’s bond defaults have come of age
While there are worrying signals for investors in the Chinese bond market, there are also signs that regulations and infrastructure for market-oriented debt resolutions are developing -
Opinion: Mifid II's US impact remains uncertain
While the EU regulation has had a clear and sweeping influence on activity in Europe, the extent to which it has affected the US divides the industry -
Counsel should consider Bremain as well as Brexit
The UK's decision to stay in the EU could have far reaching consequences too, particularly in boosting the Capital Markets Union
The Americas awards research has now begun, with winners to be announced in New York in May 2023
Research for the 2023 Europe awards has begun – winners will be announced at a live event in London in May
IFLR is delighted to reveal the winning deals, teams, law firms and individuals for the 2022 edition of its Middle East awards
The Asia-Pacific 2023 awards research has begun – winners will be announced at a live event in Singapore in March 2023