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  • New Basel proposals apply large haircuts to securitisations exposures used as collateral to hedge counterparty risk. They could ramp up charges and force derivatives trades based on that risk onto exchanges
  • Kuwait's Global Investment House's restructuring plan succeeded because of due diligence, transparent creditor meetings, and new asset-based security for unsecured lenders
  • Asia's bankers' counsel are unhappy with the standard of diligence on IPOs. There must be public filings, litigation or greater regulation, or this could cause the next crisis
  • Despite the volume of regulation last year, 2010 will be all about deal trends. Expect covered bonds, flipper clauses and floating-rate collars. Oh, and the dreaded return of cov-lite. By Elizabeth Fournier, Rachel Evans, Nicholas Pettifer and Tom Young
  • Martin Goldberg compares London to New York, BarCap to Lehman
  • Derivatives could be used to fund acquisitions of strategic stakes in India, which is planning to switch to physical settlement of equity derivatives. But RBI rules would mean only hedge funds could participate
  • Peter Castellon has left Baker & McKenzie in London to rejoin Citigroup.
  • Obama’s proposal to ban banks from housing private equity or hedge fund functions has created confusion among US lawyers. Read their reactions here
  • Cravath Swaine & Moore is representing IBM on the purchase of National Interest Security Company (NISC), a defence, healthcare, energy, logistics and security company
  • The US Department of Justice (DOJ) has cleared Ticketmaster and Live Nation’s merger after almost a year of investigation