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Arguably, Romanian banks survived quite well though the financial crisis and presented a strong solvency degree in a rather distressed macroeconomic climate. For instance, pursuant to the data published by the National Bank of Romania (NBR), in 2008 the banks active on the Romanian market were in compliance with the capital adequacy requirement of 8% and at the end of the same year, had an average capital adequacy ratio of 12.3%.

On February 15 2010, the Financial Services Agency of Japan (FSA) announced its unofficial view on the issue of tender offer rules for indirect acquisitions of reporting companies and sought public comments on it.

On December 23 2009 the Investment Coordinating Board (BKPM) issued BKPM Regulation 12 of 2009 concerning Guidance and Procedures for Investment Application to replace its earlier regulation of 2004.

The intense debate revolving around the use of the Central Bank reserves to pay sovereign debt continues.

An amendment to the Credit Institutions Act (CIA) that entered into force on March 31 2009 followed by the new Regulation 26 dated April 23 2009 on Financial Institutions issued by the Bulgarian National Bank (BNB) introduced stricter regulation of non-banking financial institutions.

The best Americas project financings of the year. From deep-sea drill ships to greenfield ethanol projects, see how they were structured

The deals that sparked the US’s securitisation market back to life, standout transactions from Latin America, and the firms involved

Costa Rica's Financial Supervision Council (Conassif), the national agency entrusted with banking oversight, declared a state of intervention over Coopemex on February 17 2010. Coopemex is Costa Rica's third largest financial cooperative, which operate as savings and loans associations.

An historic year for US restructurings provided some of the most complex deals in decades. The standout transactions and their advisors

The Brazilian Securities Commission (CVM) has enacted Regulation 480 of December 7 2009. This new regulation has enhanced the requirements that companies have to fulfil to issue securities in Brazil. The new regulation has replaced rules in effect for more than 15 years and its key developments focused on: (i) enhancing the level and quality of disclosure; (ii) creating two different levels of disclosure requirements for issuers, according to the type of securities; (iii) making offering procedures faster and simpler; and (iv) harmonising the rules applicable to listed companies. Investment funds are still under specific regulations and are not affected by the new regulation.