Kenya’s first foray into the international private debt market in over 20 years should be watched closely by other African sovereigns looking to tap foreign bond markets
The Federal Reserve’s proposal on Thursday of rules implementing Basel III represents the biggest post-crisis step towards a harmonised global capital framework.
Restrictions on repos, securities lending and non-credit derivatives between US banks and their affiliates take effect next month. But vital regulatory guidance is still needed.
Dodd-Frank’s requirement that public companies disclose internal pay equity details is a top candidate for the next regulation to be challenged in court on the grounds of cost-benefit analysis
