DEAL: world’s first senior non-preferred samurai bond European banks have tested a new form of senior bank debt, but there are inherent risks built into this new asset class
DEAL: India’s first synthetic rupee-denominated margin loan The issuance is a first on many fronts, and could help further open the local PE market
SFC’s IPO investigation facing jurisdictional challenges The Hong Kong regulator is facing significant hurdles when trying to investigate entities based in mainland China
POLL: Key India corporate bond market reform effects IFLR's latest poll explores how India’s deregulation drive has impacted onshore and offshore debt issuances
IFLR European In-House Summit: key takeaways In case you missed it, here are the highlights from our fifth in-house summit in London last week
Market fears Mifid product governance gold-plating Without clear guidance from Esma, firms are largely guessing. National regulators could go overboard, with adverse consequences for investors
Effects of India's cash crackdown still uncertain The government's decision to tackle corruption may not have had the desired effect
Record low FCA fines in 2016 were an anomaly Deutsche Bank’s AML penalty announced this morning shows the remarkably low total is not a reflection of policy change
DEAL: Phoenix Group’s tier 3 bond The issuance could open the door for more insurers to use short-term subordinated debt to meet regulatory capital requirements
Tips for managing counterparty risk Panellists at IFLR’s European In-house Counsel summit shared their secrets in a growing area of concern for corporates
DEAL: Poland’s first sovereign green bond The issuance involved amendments to the country’s Public Finance Act and the creation of a bespoke green bond framework
MAR’s top three concerns revealed Issuers, underwriters and their counsel are still wrestling with the regulation almost eight months after its introduction
DEAL: France’s first sovereign green bond The modern deal has set a standard for future sovereign deals which takes into account higher levels of private funding in infrastructure
UK merger control will face challenges after Brexit With exit negotiations only weeks away, questions have already arisen surrounding the antitrust process
Mifid II: what next for investment bank research? Various polls of buyside firms show many will bulk up their own research teams when the new rules take effect
Abengoa restructuring clears final few hurdles A high-profile example of corporate failure, the Spanish group's insolvency also provides a template for cross-border rescues
Brexit white paper hints at third country equivalence status for UK The government has clarified a few points surrounding the future of UK financial services but uncertainty remains
Can English schemes survive Brexit? Their use by non-EU companies will continue, but judgments relating to firms within the bloc and member state courts’ cooperation will create an uncertain future
Unfair ownership laws hinder Japan’s fintech drive The country's attempt to compete with Silicon Valley is being complicated by inconsistent legislation for banks and non-financials
Esma’s Ucits share class opinion hits hedging The regulator has called for certain arrangements at share class level to be set up as separate funds or sub-funds
Why Snap’s no-vote shares IPO won’t catch on The decision, a first for a US company, is a deviation from the trend towards better shareholder rights
HKEx third board relies on clear positioning The success of the exchange's attempt to attract technology companies will rest on its ability to clearly position itself
DEAL: Egypt’s $4 billion triple-tranche eurobond The government's aim to increase the availability of foreign currency in the country is part of a wider economic reform plan launched in 2015
China investors swap QFIIs for stock connects Foreign funds are flowing southbound to take advantage of the Shenzhen-Hong Kong Stock Connect's more relaxed regulatory framework
Trump’s proposed Dodd-Frank rollback unpicked The executive order goes beyond repealing the post-crisis legislation. The US' role within global rulemaking is also under threat
EBA bad bank plan gets mixed response The early-stage proposal could be a moral hazard for countries that have already sought to address their NPL problems
DEAL: Bombay Stock Exchange $182 million IPO India's oldest exchange had to contend with a number of legal and compliance challenges when it went public earlier this month
PBOC uses blockchain technology to combat money laundering Critics say the Chinese central bank's e-money initiative is not what a cryptocurrency is for
IFLR’s 2017 European awards: shortlist revealed The nominations for this year's IFLR European awards, taking place in London on April 20, have been announced
Why repo volatility poses a systemic risk Industry groups have warned the instability seen at year-end was unprecedented and must be dealt with
DEAL: Chile’s sovereign peso notes The government hopes to attract FDI with the strategic $1.5 billion deal, which also involved tweaking the local regulatory framework
EU payment services rules spur new regulation in Japan The Asian country is looking to a new European directive regulating intermediary businesses to drive its own fintech sector
Italian crisis boosts role of financial markets The government has had to save a number of national banks from collapsing but the EU prohibition on bailout means it’s had to look to capital markets
EU's insolvency harmonisation plan unpicked Here the Clifford Chance lawyers that advised the Commission explain why the US-inspired draft directive must not be underestimated
What Mifid II's research overhaul means for the buyside The rules will drastically change the landscape. Fund managers must consider how research is priced and exactly where it should come from
Taiwan’s strict FDI rules keep private equity out The country has made great regulatory and commercial strides to boost outbound M&A, but inward investment remains bogged down by regulation
DEAL: Edcon’s $1.5 billion restructuring Reorganising the South African retailer’s complex and highly leveraged capital structure put the local legal framework to the test
Kraft Heinz/Unilever shows rise of invisible stakeholder Speculation surrounds both the reasons behind the failed bid and the populist threats to 2017's mega mergers
How France is fighting corruption Sapin II aims to bring French transparency in line with international standards. But it is yet to be tested in practice
POLL: liberalisation of India’s corporate bond market The opening of the country’s corporate debt market has attracted investor interest. But attitudes are different when it comes to offshore and onshore issuances
DEAL: India’s first masala-backed high-yield dollar bonds Neerg Energy’s dual issuance overcame several regulatory and commercial obstacles
Unlocking sukuk The Islamic finance market has stalled at a critical point. But only global standards and a concerted effort to promote them can reopen the door to growth
How conduct agenda is reshaping financial services A focus on behaviour may boost liquidity by improving clients’ understanding of how markets work
An attitude shift in shareholder litigation US courts have amended their approach to disclosure only settlements of M&A litigation
Addressing data protection issues Matthias Bürge, Andreas Moll and Charlotte Rupf from Prager Dreifuss assess the importance of data protection considerations in M&A due diligence
Slowing down the progress of bad debt Greece has been taking decisive action to get back on track. But more needs to be done to address the problem
ABS future mapped out Asset-backed securities fell out of favour after the financial crisis but they are gradually returning - and evolving
Seeking better disclosure Homburger partner Daniel Haeberli analyses how Switzerland’s proposed prospectus regime could impact issuances of structured products
Switzerland promotes tax data transparency The country recently implemented legislation to clamp down on tax evasion. Its effects are wide-ranging
Tokyo seeks to attract FDI Yuri Suzuki and Eiichiro Hata of Atsumi & Katai explore how the city is ramping up legal and commercial initiatives to drive international business
