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Portability is proving just as difficult to holdback

Regulatory approvals and politics are just as hard to separate

How should banks’ CCP default fund exposures be calculated?

Matthieu Grollemund, Dechert Bernhard Gemmel, Bird & Bird One of Europe's biggest stories of the month was the hire by Romanian firm TUCA ZBARCEA & ASOCIATII of Musat & Asociatii co-managing partner Catalin Baiculescu. The move is surprising given Baiculescu spent 15 years at his former firm, and considering high-level partner hires in Romania are rare. In Italy the big news was WHITE & CASE'S further expansion of its debt capital markets offering with the hires of partner Paola Leocani, counsel Elena Radicella Chiaramonte, and their team from Allen & Overy. Since reopening its office in 2011, the firm has been making headway in the capital markets area having already picked up notable mandates including from the Italian state. The US firm was also active in Brussels, hiring Linklaters counsel Matthieu Duplat.

Which country's reputation has taken the biggest hit in business circles over recent years? Surely, the US is second to none. The once-undisputed financial superpower has suffered an unrivalled fall from grace. This past month, however, has provided some stark reminders that the US's legacy of global leadership and influence is difficult to erase.

Ahlibank has become the first Omani bank to roll out a Shariah-compliant fund, creating the only Omani fund focussed on the Middle East and North Africa. Here's how the bank launched the bellwether deal in the absence of a regulatory framework.

Aslihan Ozbey Turkey's new Law on Financial Leasing, Factoring and Financing Companies No 6361 introduces a consolidated legal framework to regulate the incorporation and operation of those types of company. Financial leasing, factoring and financing companies are required to be established as joint-stock companies and have at least five founding shareholders. Their boards must have at least three members who have relevant expertise and experience.

Notice No 002/2013-AMCM of the Monetary Authority of Macau (AMCM), which supersedes Notice No 6/93-AMCM dated September 1, entered into force on January 28 2013. It was enacted by the AMCM pursuant to section 6, paragraph 3a) of the Financial System Act (FSA) of Macau.

Karen Temoche It is not news that Peru has demonstrated consistent levels of economic growth and robust financial indicators over the last decades. There are, however, still several areas on which governmental authorities need to work in order to unlock Peru's potential. One of them is to close the infrastructure deficit that remains in the country. What plays in the country's favour so far it is that both the Peruvian government and its citizens acknowledge that the key element to maintaining economic growth is setting clear rules, being predictable and acting proactively to attract private investment.

How to avoid conflating inbound and outbound Chinese M&A with financing