Clawback of executive compensation under FDIC rules for its receivership of systemically important financial intuitions places an unfair burden on executives
The sale of two Tunisian oil companies has closed in the midst of the country's uprisings. It offers a timely reminder of the importance of risk allocation between signing and closing in the Mena region.
UPC Broadband is the latest issuer to use Europe’s new high yield structure which features the maintenance covenants of an underlying secured loan. But the deal offers no sign of bondholder voting mechanisms standardising under the structure
