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Debt and equity-linked

Goldman Sachs’s Abacus transaction has revealed how origination practices at investment banks have become dangerously interconnected. In-house tried to stop it, but now they might be left to deal with the consequences

New York goes it alone on CDS Senator Dodd's financial bill does not propose the treatment of credit default swaps (CDS) as insurance, so New York State is taking the law into its own hands.

On the face of the Spanish EU Presidency The withdrawal of the Alternative Investment Funds Managers (AIFM) Directive from the agenda of Ecofin's March 16 meeting has thrown its future into doubt, and undermined the EU's qualified majority rules.

Mutual funds have been given a greater role in improving Indian companies' governance.

Unlikely to be repeated With Dubai World set to receive a $9.5 billion cash injection, the market is considering lessons from the near-default. The state-owned company's troubles have exposed short comings in local law – especially Dubai's insolvency regime – that need to be addressed.

Most of us now know the details of Goldman Sachs's involvement with the ill-fated Abacus CDO and the fraud action from the Securities and Exchange Commission (SEC), as well as Goldman's indignant response. But what does it mean for banks and their relationship with both interrelated products and regulators? Elizabeth Fournier and Nicholas Pettifer spoke to bankers' counsel immediately after the news broke. One key concern emerged: the convergence of wrappers in products and the muddying of boundaries between products that this brings.

The firm expands its private equity practice

Until a framework for equity-conversion triggers is developed, there’s no guarantee they will work

Singapore's regulator is consulting on increasing the regulation of previously exempt funds