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  • A UK ruling could mean that payouts to some Lehman Brothers investors will be diluted, and established administration plans thrown into doubt
  • Leon Black of Apollo Apollo Management's establishment of a new bank is novel, but it uses old techniques.
  • Takrir’s financing will allow the company’s refinery at Mostorod to be redeveloped Egyptian Refining Company's (Takrir) $3.5 billion financing has overcome completion risk and credit support fears, in what is Africa's largest project financing.
  • Covered bond legislation considered after autumn recess Congress's decision not to include covered bonds in its financial reform has been met with disappointment. But many are confident of legislation later this year.
  • A call to arms for in-house to be more proactive European in-house must engage more with regulators to ensure their banks' business models and practices are fully understood, or risk supervision that is ineffective and restrictive.
  • With no legal framework for covered bonds in the US, institutions in Europe should be preparing to take advantage of the enthusiastic investor base that already exists there with dollar-denominated bonds.
  • Sophisticated lobbying will be required to save Denmark’s mortgage credit bonds New parameters for liquidity and leverage proposed by the Basel committee could threaten the Danish market in mortgage credit bonds. But the instruments' business model is very safe and already tightly regulated.
  • Ross Munro The BVI Financial Services Commission (FSC) recently concluded public consultation on the draft Public Funds Code 2010, which is likely to be enforced later this year or early 2011. The Code will apply to all public funds registered under the Securities and Investment Business Act, 2010 (Siba). The Code is intended to make the BVI's regulatory and supervisory environment more attuned to the new standards called for by the likes of the G20, IMF and Iosco.
  • Indian listed companies may soon be subject to new takeover rules. If implemented, they will hit both acquirers and minority shareholders
  • But the EU’s new model is unlikely to achieve its aims