Europe and US must guard against regulatory clashes Alexander Schaub, Director General of DG Internal Market in the European Commission explains why communication is the answer to bridging the transatlantic divide
UK enforcers should balance speed and fairness The Financial Services Authority must avoid prejudging the outcome of investigations in its quest for quicker results, says the former head of its market integrity group, Martyn Hopper
Cutting edge close-up: DZ Bank launches Germany's first synthetic true-sale transaction DZ Bank's landmark securitization combines the balance sheet benefits of synthetic deals with the saleability to investors of a true-sale transaction. Andreas Bartsch and Dennis Heuer report
Cutting edge close-up: CNH brings securitization of car dealer floorplans to Australian market Société Générale has structured Australia's first securitization backed by dealer floorplan receivables. Tessa Hoser analyzes the deal and compares it with US structures
Cutting edge close-up: TUI taps high-yield demand but keeps covenants loose Bryant Edwards looks at Europe's first crossover bond, which combines some of the benefits of high-yield and investment grade debt
Bond-market group sets standards for research Edward Fleischman and Irene Skidan explain The Bond Market Association's new guidelines for fixed income research
Securitization: in search of the next big thing Adam Glass surveys the prospects for securitization lawyers and their clients as the market searches for the next innovation
Will Eurotunnel inspire French proxy battles? Legal and practical barriers make challenges to the boards of French companies hard, but Eurotunnel could set a trend. By Eric Cafritz, James Gillespie and Frédérique Jaïs
Asian issuers face rising class action threat Chinese companies that tap the US capital markets must beware the country's litigious investors, say Jack C Auspitz, Charles C Comey and Paul W Boltz
Why Korea must improve protection for directors If Korea wants to attract foreign expertise it must be possible to protect directors who will soon face a slew of securities-related lawsuits, say Jong Han Kim, Neil Torpey, John A Reding and James Wareham
Banks and regulators divided over client secrecy As Hong Kong toughens its stance on enforcement, Jill Wong asks how bankers can reconcile their duty of confidentiality to clients with the obligation to disclose information to regulators
Diligence plans worry Hong Kong sponsors Stock exchange proposals could make new listings in Hong Kong more costly as sponsors grapple with additional regulatory burdens, explains Pansy Wong
Is US structured finance facing reform overkill? Mary Barry warns that, in trying to address the problems of complex structured finance, US regulators may place unfair demands on financial institutions
