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If regulation is not cost-effective, banks will have to radically change their business model to be profitable

The SEC head plans merger before January

“13.3 could spark more banks’ return to the government well” The US Federal Reserve's bailout of Citigroup has raised questions about the government's creation of powers to save its banks.

Goldman and JP Morgan on their FDIC bonds

The European Central Bank's decision to stop accepting syndicated loans as collateral is unsurprising, given the stringent requirements that the loans had to fulfil to be approved.

Iasb's David Tweedie on the French

An unexpected effect of short-selling ban

The Chinese need not worry that introducing guidelines soon would open the floodgates As companies across Asia struggle to refinance, China has come up with a novel solution. The government will allow Real Estate Investment Trusts (Reits) to set up in the country, providing struggling property companies with a new potential source of cash.

How financial institutions can satisfy the Basel II requirements for continuous legal review of credit-risk mitigation arrangements

Clifford Chance has advised JP Morgan Securities as the dealer manager on the first public tender offer for exchangeable bonds in Asia since the financial crisis bit last year. Korean chemical and construction materials manufacturer KCC Corporation made the offer, which involved paying cash for some of its outstanding exchangeable bonds. The transaction was a reverse book-build where investors submitted bids to JP Morgan detailing a price that they would accept for their exchangeable bonds. The Clifford Chance team was led by partner Connie Heng out of Hong Kong.