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  • Pisa didn't read the fine print A recent Italian ruling looks set to deter banks from contracting with Italian local authorities.
  • Trustees can see the forest and the trees Increasingly, structural flex provisions are built into high yield transactions, but this trend has the potential to create headaches for trustees, according to Esther Cavett, a partner at Clifford Chance in London.
  • Volatility is the new US market paradigm, and it’s here to stay. The country’s regulators are struggling to tackle its causes but banks are resisting
  • Regulators need to go back to the future Canadian regulators' proposal for stricter securitisation standards similar to the US could close parts of the private market, industry participants have warned.
  • Canadian companies listed on the Toronto Stock Exchange (TSX) may be subject to new regulations on board elections sooner rather than later. The TSX bypassed the slower Ontario Securities Commission (OSC) rulemaking process and proposed its own reforms last month.
  • On September 21, the guidance consultation period for the Financial Services Authority's (FSA) rules on liquidity swaps ended.
  • Senior senator advisor Mark Wetjen was appointed as the new commissioner of the Commodities Futures Trading Commission (CFTC) on Friday morning
  • Investment banks and asset managers look set to be among the biggest losers after today’s adoption of the twice-delayed Mifid II proposals
  • Fewer deals will face antitrust review under Brazil’s long-awaited antitrust bill, expected to soon be signed into law. But a larger number could be blocked
  • Contingent convertible bonds will need to be more widely-tested before the instrument is recognised in Hong Kong, the HKMA has told IFLR