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  • 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 SEC unveiled its plans last month for the next measure towards mutual recognition, which many are predicting will open the door to worldwide regulatory harmonisation.
  • Charlie McCreevy dithers over liquidity
  • Banks will get their own, tailored rules In a move that may be the start of a more synchronised approach to regulation, Britain and America are creating a transatlantic working group to reform the banking system.
  • The US is full of kings and queens, so the IMF won't get far Last month's IMF announcement stating that it is developing best practice guidelines for sovereign wealth funds has received a muted response.
  • Counsel advise clients to not pay banks
  • The Turkish market has had some rocky moments, but Murat Eryürekli and Yalim Özilhan of Eryurekli & Fidan are optimistic about its future
  • Allen & Overy has advised Deutsche Bank and other lenders on a secured $3.45 billion loan facility. Deutsche Bank originally arranged a $2 billion facility for Russian state oil company Rosneft. After a successful syndicate was put together, the facility was increased by $1.45 billion.
  • The details from Uria Menendez, Spain
  • 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