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Looks a lot like the EC’s retail concerns? Since the Alternative Investment Fund Managers Directive (AIFMD) was fully implemented in 2011 the intention has been to extend the passport scheme to non-EU fund managers.

The first securitisation to comply with both EU and US rules on risk retention has closed. But it won’t be such plain sailing for others in the family

Counsel in the US are examining new rules on margin requirements for uncleared swaps. While the rules will boost counterparty risk management, they may also negatively impact the availability of collateral, boost shadow banking and increase transatlantic regulatory arbitrage.

Perry Yam Austrian boutique RAUTNER announced the hire of its second partner in February. Meera Ramakrishnan, who joined from the Law Office of Dr F Schwank, will advise on banking and finance, corporate and M&A and real-estate matters.

Japan and the EU’s central banks’ monetary policy in action? If the Great Moderation has long gone, and the Great Recession is (kind of) over, exactly what era are we living in now?

Ed Batts Penelope Jensen It's shaping up as a year of aggressive lateral hiring by US corporate firms. ORRICK HERRINGTON & SUTCLIFFE scored a coup with the appointment of Ed Batts as global co-head of its M&A and private equity practices based in the firm's Silicon Valley office.

So after months of rumour and speculation, it's official: the beast that is Mifid [Markets in Financial Infrastructure Directive] II is to be delayed. To the disappointment of some but the glee of most, the European Commission formalised the announcement in February.

When the Central Bank of Myanmar (CBM) announced its second round of foreign bank licensing last December, many were shocked by the pace of the country's liberalisation. But whether their astonishment was a remnant of euphoria from the National League's landslide election victory, or dizziness from a sudden revocation of all foreign exchange licences, was anyone's guess. While some domestic and foreign banks have questioned the government's seemingly overzealous quest for foreign investment, with the first round having taken place just a year prior, others have begun to feel the pinch of reality.

When should a EU directive become a regulation? Some think it's a question worth asking about the Bank Recovery and Resolution Directive (BRRD). Attention has certainly been drawn to the directive since Bank of Portugal's (BoP) December write down of Novo Banco's senior bond tranches.

Kelly Naphtali Chinese firm HAIWEN & PARTNERS has recruited Guiping Lu from Latham & Watkins to strengthen its corporate practice and open up in Shenzhen. In Beijing, REED SMITH's energy practice brought in Jie Zhang from Norton Rose Fulbright.