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The withdrawal of the AIFM Directive from the agenda of Ecofin’s meeting has thrown its future into doubt and undermined EU rules

Skadden Arps Slate Meagher & Flom was the big winner at the IFLR Americas awards last night. See the full list of winners here

Takara Leben should complete the country’s first rights issue thanks to flexibility from the regulators. It will open the door for others, too

The winning in-house team at IFLR's Americas awards revealed, along with the full shortlist

English loans are beginning to contemplate debt repurchases at the outset. There are similar moves in New York, but they are localised

It seems like soon there will be no proprietary trading. It appears likely that some form of "activities" restrictions will part of the future for financial institutions. Maybe not the full Volcker Rule limitations, but restrictions nonetheless. There are various possible permutations of the proposed activities restrictions to choose from – the original (Volcker Rule), the Obama administration's proposal, the activities restrictions included in the Wall Street Reform and Consumer Protection Act, or House bill (HR 4173), and now the version included in the new bill proposed by Senator Dodd.

For securities issuers, the Capital Markets Board of Turkey (CMB) entered the New Year like Santa Claus, home from his travels with a holiday bag full of leftover gifts. The chief regulation governing public offerings and private placements – Communiqué Serial No: I/26 on Principles of Registration with the CMB and the Sale of the Shares – is expected to be replaced by a Draft Communiqué soon. The key areas of proposed change concentrate on the public offering process, the private placement alternative strengthened by sale to qualified investors, the shelf registration system, and the sale of shares of companies listed in the emerging companies market (ECM).

In India the buyer may have to pay capital gains tax on behalf of the seller

It's interesting to get a Dutch perspective on how borrowers have responded to banks attempting to charge increased costs under Dutch law governed loan documentation.

Banking secrecy was once considered the crown jewel of banking principles. Historically, it can be traced back to Switzerland, where banking secrecy was sought as a protection for investor assets, against war and banking persecutions such as the 1931 crisis, when Germans with foreign capital were criminally prosecuted and sentenced to death. Banking secrecy also served an economical purpose: to rebuild Swiss banks and part of the European economy after WWII, by offering clients trust and confidentiality.