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As speculation grows over HSBC’s HK office moving to quarterly financial reporting, other in-house counsel have called for authorities to make it mandatory

Kemal Mamak Mert Oguzülgen

On November 24 2010, the National Assembly adopted the Law on Amendment of and Addition to the Law on Insurance Business, with the goal of improving state management of the insurance market, as well as complying with Vietnam's World Trade Organisation commitments.

Svetlana Savina

The Bangko Sentral ng Pilipinas (the Philippine Central Bank, or BSP) recently amended the existing regulations on the single borrower's limit (SBL) imposed on banks and financial institutions. The SBL is intended to prevent an overconcentration of credit risk, and imposes a ceiling on the amount of loans, credit accommodations and guarantees which a bank or financial institution can extend to a single borrower or its related entities.

Claudia Chiper

While the US is embracing looser covenant packages, Europe is behind the pace

Secured bonds have become a permanent feature of the market, so bank lenders need to get used to them

Over 200 in-house counsel and private practitioners converged on The Dorchester in London on March 23 for the 14th annual IFLR European awards. Linklaters was the big winner on the night, scooping the International Law Firm of the Year prize for the second year running and bringing back home the debt and equity-linked, structured finance and securitisation, and restructuring team of the year awards. This year IFLR introduced two new awards: lifetime achievement and regulatory contribution. Allen & Overy’s Philip Wood was a popular choice for the former, and FSA general counsel Andrew Whittaker was a deserving winner of the latter.

In the middle years of disco and the early days of securitisation, mortgage-backed bonds were on balance sheet and government-sponsored enterprises (GSEs) were a factor, albeit not a dominant one, in the market. Over time, securitisation became an off-balance-sheet financing approach that provided enormous leverage, and GSEs became central to the growth of the market.