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The results of the Asia Bankers' Counsel Poll demonstrate the importance of Asia moving in step with global regulatory standards. By Paul Browne of Simmons & Simmons

Counsel at a hedge fund on how they can work better

The weapons shareholders have at their disposal, in the light of Tesco and HSBC

Why corporate governance is developing in parallel with politics

It's time for a change in companies' relationships with their accountants

The VP in legal and compliance on how to put together a shariah supervisory board

Asian Bankers' Counsel Poll This poll is being carried out on an anonymous basis. Analysis of the results will appear in the November 2007 edition of IFLR. No reference will be made to respondents' names or firm names. No respondent bank will be referred to in relation to specific answers.

Derivatives are not based on financial loss, so they should not be treated as insurance

Debt Ghana has issued $750 million of bonds, in the first debt issuance by the country. The deal is also the first international issue by any sub-Saharan nation (excluding South Africa) for 30 years. UBS and Citigroup acted as joint lead managers on the sovereign bond issuance. The debt was offered to American institutional investors under Rule 144A. Denton Wilde Sapte advised the Ghanaian government, with Cravath Swaine & Moore assisting on US law. Clifford Chance represented the lead managers.

The Slovak government introduced a new trading system to simplify and support the trading of financial instruments. In March 2007 it adoped an amendment to Act number 429/2002 Coll on stock exchange (the Act). This amendment introduced a multilateral trading facility. Its purpose was to implement EU Directive no 2004/39/EC on markets in financial instruments (Mifid). The Mifid, together with other measures, will make the EU a unified financial market. It will strengthen the position of the European financial market worldwide.