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Proposed amendments to Regulation Z of the Truth in Lending Act could increase investment in residential mortgages guaranteed by Fannie Mae and Freddie Mac just as the US government moves to unwind the government sponsored enterprises

An offering by PTT Exploration and Production (PTTEP) has marked the first hybrid bond issuance by a non-financial institution in Thailand, and a regulatory shift towards a more disclosure-based regime.

UK white collar prosecutors look set to receive a new enforcement tool following the Ministry of Justice's consultation (the Consultation) on deferred prosecution agreements (DPA), which closed last month.

US Reits are looking in a new direction The largest joint venture between US and Canadian real estate investment trusts (Reits) took full advantage of the US Reit Diversification and Empowerment Act 2007 (Ridea). The transaction saw US Health Care Reit (HCN) and Canadian Chartwell Senior Housing Reit partner in a $952 million acquisition of 42 Canadian senior housing and care communities from Maestro Residences Retirement Funds.

A new refinancing model for European companies has been established by ONO's multi-stage refinancing programme.

The template will work, but not as a panacea European Market Infrastructure Regulation (Emir) has regulators preoccupied with improving central counterparties (CCPs) systemic risk management. Iosco's recent consultation and LCH Clearnet's newly-launched clearing service could provide a CCP resolution template.

Africa's biggest project financing has closed after six years and has showcased a never-seen-before capital structure. The Mostorod refinery delivered an engineering, procurement and construction (EPC) contract robust enough to avoid the need for completion guarantees.

Investigations into South Korea’s CD rate-setting prompted the country’s FSC to introduce the Cofix benchmark for short-term lending rates. But there are issues with Cofix setting too

US antitrust law poses a higher threat to overseas companies following a recent appellate court decision that overturned precedent. More extraterritorial class action civil suits and higher fines are expected.

Bite-sized deals are needed to kickstart Vietnamese PPPs While public-private partnerships (PPPs) have been popular throughout Southeast Asia, they haven't taken off in Vietnam – despite the country's desperate need for infrastructure. Vietnam's preferred structure for project financings to-date has been the build-operate-transfer (BOT) model, which has been encouraged by local ministries such as the Ministry of Industry and Trade (MOIT). Though the BOT framework has existed for over 10 years, few projects have reached the financing stage. Mong Duong II closed in 2011, representing the first BOT to close in Vietnam since 2004.