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  • Goldman Sachs expects more litigation in the wake of the Abacus CDO investigation. And other banks could face regulatory investigations too
  • A civil regime to penalise non-disclosure of information will not work. Hong Kong needs criminal sanctions
  • An ECJ opinion on privilege could mean UK banks will have to outsource more legal work, increasing costs and the time spent on deals
  • The Reserve Bank of India (RBI) wants banks to retain loans for a period before securitisation
  • Foreign banks in China believe that their domestic competitors’ risk management is only a little more robust than a year ago
  • France’s first domestic securitisation company will help encourage the sector’s recovery, and has some interesting insolvency provisions
  • At the end of last year the German Financial Supervisory Authority (Bafin) introduced an immediately effective circular on risk-related remuneration. The head of legal at an investment bank in Frankfurt explains how the bank devised an internal assessment structure and complied with the new rules.
  • Can you find your shareholders in time? A Japanese company is to complete the country's first rights issue thanks to flexibility from the regulators. Demand for this offering will dictate the success of future rights issues in Japan.
  • Flooded with class actions T he US Supreme Court opened proceedings on the extraterritorial reach of Section 10(b) of the Securities Exchange Act. Morrison v National Australia Bank is questioning whether the act can be used for foreign-cubed securities class actions.
  • Hong Kong wants statutory backing for the disclosure of price-sensitive information. But the exchange and SFC must work together