Search results for

The Brazilian Securities Commission (CVM) has submitted to public hearing a draft amendment to the regulation on public offerings, namely, CVM Rule 400, dated December 29 2003, as amended. The proposed Rule 400 will harmonise the regulation of public offerings with the regulation recently enacted addressing public offerings of securities distributed with limited underwriting efforts, namely, CVM Rule 476, dated January 16 2009. Moreover, the proposed new Rule 400 is already in line with the proposed new regulation on the registration of listed companies, which will (i) enter into force in 2010 and (ii) adopt a shelf-registration system and the automatic registration of public offerings of "well-known seasoned issuers".

P-Pip's pricing of toxic assets provides an innovative solution to a problem preoccupying governments around the world, but first they need to know if it works

Adam Meshel is juggling golf, rest and taking on the investment banking group

Professor Yong Huang says the Chinese government has to realise it can't stop transparency with the drafting process

There haven't really been liquidations in the GCC before. Understand this and you’re half way to grasping how restructurings will work after the real estate boom

What to do if a borrower doesn't float and can't afford the stepped-up interest rate

“Banks are scared to death that the government is going to screw Talf up” Term Asset-Backed Securities Loan Facility (Talf) subscriptions have fallen as investors fear additional strings will be attached to the government securitisation programme.

A recent surge in Indian court case decisions has offered patent holders some respite, raising hopes for the coming year. By Swathi Sukumar and Tusha Malhotra of Anand and Anand

After reorganisations that took several years, Switzerland, in the midst of the worldwide financial crisis, reorganised the supervision of its financial markets. On January 1 2009, the Federal Act on the Swiss Financial Market Supervisory Authority (Finmasa) became effective. With its implementation the Swiss Federal Banking Commission (SFBC), the Federal Office of Private Insurance and the Anti-Money Laundering Control Authority (AML Control Authority) have been merged into one single authority, the Swiss Financial Market Supervisory Authority (Finma). As of that date Finma has become the legal successor of these three merged authorities, whereby existing agreements and pending business was taken over by Finma.

In Sweden, as well as in many other countries, the financial crisis has taken its toll on society in general, and banks in particular. The primary concerns of the Swedish banks during autumn 2008 were funding and other liquidity issues. Therefore, the Swedish National Debt Office (Riksgälden) launched a guarantee scheme as a part of the Government's overall package of measures to strengthen the stability in the Swedish financial system. The scheme applied for a fixed term up to April 30 2009, but has recently been extended until at least October 31 2009. Until recently, only two banks – Swedbank and SBAB – have entered into the scheme, although most Swedish banks have not yet renounced a guarantee from the Government under the initiated guarantee programme.