Blaming Cesr won't help Europe's issuers Compromises in Europe's financial directives are unavoidable when creating a single market among states that regulate themselves independently, says Daniel Hurstel
Cutting edge close-up: Czech asset-backed deal proves sceptics wrong Rating agencies said Czech securitization would require legislative change. On the Home Credit Finance deal, lawyers convinced them otherwise. By Christopher Lewis, Harm van Berkum and Tomas Otruba
Cutting edge close-up: Korean Air Lines securitizes future yen ticket receivables Korean Air Lines has closed the first airline ticket securitization in Japan. Neil Campbell and Norifusa Hashimoto explain how the deal works
Malaysian restructuring pioneers use of novel convertibles The group restructuring of MBf Holdings synthesized the terms of two schemes of arrangement in a single set of international bond documentation. By Evan Cohen and Bobby Ladwa
Enron accusations force banking rethink Enforcement actions against banks that lent to Enron suggest others should take care over how they put deals together. By Chris Groobey
Tightening the net on cross-border fraudsters Securities law enforcers aim to help each other retrieve the profits of fraud, reports Andrew Crooke in Seoul
Regulators chart course for disclosure crackdown Issuers and stock exchanges must do more to ensure investors can rely on publicized information about their listed securities. Andrew Crooke reports
Is this the end for the global share? Five years after the first global share deal, only three more have come to market. Megan Murphy finds out why
Investors push for rewrite of Eurobond covenants A group of investors is forcing issuers to look again at clauses unchanged for decades. Rob Mannix reports
Nomura takes fast track to win Isda dispute Banks can learn from the speedy UK court proceedings that Nomura used to win a dispute with CSFB. By Brendan Cash and Edward Sparrow
Gatekeeper of the London market Ken Rushton, director of listing at the Financial Services Authority, talks to IFLR's Rob Mannix about proposed changes to UK listing rules
Nine steps to strengthen Asia's bond markets Paul Lejot, Douglas Arner and Mylene Chan of Hong Kong University call for legal, regulatory, fiscal and systemic change
How British Energy kept creditors in check A tough stance from the UK government forced competing creditors to compromise on the British Energy restructuring. By Emma Barraclough
Danareksa judgment spooks foreign lenders in Indonesia Foreign investors may want to choose arbitration rather than local courts in Indonesia, says John Savage
Corporate securitization to profit from Italian reform Italy's new corporate law will make it easier to isolate assets in whole-business deals. James Gerard and Arturo Meglio report
SEC plans a firmer grip on hedge funds Recommended SEC rule changes would impose more regulations than hedge fund managers are used to. By Bill Hobbs and David Riley
Indian court restores tax savings for investors through Mauritius Sandeep Parekh of PH Parekh & Co examines a favourable judgment that will bring certainty to investors in India
Investing in German non-performing loans Jürgen Börst gives a step-by-step guide to investors buying German distressed debt
