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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.

Don't worry. The changes to Singapore's exempt fund manager rules will likely be evolutionary not revolutionary

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).

China private equity, hopefully, now has a workable onshore way to exit investments

Regulatory capital rules could destroy innovation that funds pensions and much more

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%.

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.

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.

The Federal Senate of Mexico is discussing the legislative initiative for a public-private partnership law (P3 Law). The P3 Law seeks to promote the development of infrastructure projects, at the federal level, by establishing the legal framework for private investment in public sector services.

A difficult year for equity still saw some complex deals. Bank of America’s at-the-market offering and VisaNet’s IPO were particular standouts