Search results for

Different rules govern how foreign and domestic awards are enforced. Deger Boden of ÖztekinBoden explains how they work

The details from Uria Menendez, Spain

Anecdotal evidence of changing contracts

Treasury Secretary Henry Paulson recently released his much awaited report, Blueprint for a Modernized Financial Regulatory Structure. The Paulson report contains a set of proposals that, taken together and if adopted, would constitute the most comprehensive restructuring of the US system of financial institution regulation and financial market oversight since the Great Depression. Among the highlights are proposals that would expand greatly the Federal Reserve's authority; concentrate insurance industry regulation in a new federal agency, the Office of Insurance Oversight; increase the responsibilities of the Office of the Comptroller to include regulation of thrifts and eliminate the Office of Thrift Supervision; merge the Securities and Exchange Commission and the Commodity Futures Trading Commission; and add a new regulatory entity, the Business Conduct Regulator, to oversee business conduct and consumer protection. This new regulator would also oversee the safety and soundness of most of the major participants in the US capital markets. Paulson's plan also would ask Congress to establish a federal Mortgage Origination Commission that would recommend licensing standards for mortgage brokers.

Those that set up offshore before M&A laws

In order to sustain the growth of Japan's economy (especially needed due to the aging population), it is essential that the country's financial and capital markets provide good investment opportunities to Japanese households to allow them to more efficiently utilise their assets, and that companies are supplied with the adequate amount of capital for growth. In addition, strengthening the competitiveness of Japan's financial and capital markets is important given the intensifying global competition among markets. In response to such needs, the Cabinet submitted to the Japanese Diet a bill to amend the Financial Instruments and Exchange Law and other related laws on March 4 2008. This amendment mainly aims to i) create a new market for professional investors, ii) revamp the firewall regulations regarding the holding of concurrent posts in securities firms, banks and insurance firms and iii) expand the administrative monetary penalty system.

The US Treasury's blueprint for regulatory reform was released last month, and the legal community, while agreeing with many of the proposals, calls for more to be done.

The first change from NYSE/Euronext

Hong Kong investors need help hitting the books Hong Kong has seen its first bout of litigation caused by sub-prime lending debacle. But the case also raises more questions about misselling and investor education in Hong Kong.

Swedish banks have gone unscathed by the credit crunch. This is because of their business model, not their managers, say Carl Schwieler and Björn Sjöberg of DLA Nordic