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Moroccan banking regulations do not allow Moroccan banks to market Islamic finance products. The governor of the Moroccan Central Bank has refused seven requests filed by Islamic banks to establish in the Kingdom of Morocco. However, he recently announced that a recommendation should be adopted that enables marketing of alternative finance products. The idea is that there would not be Islamic or non-Islamic banks in Morocco but rather banks authorized to market all kinds of products, some being shariah-compliant and others not.

Prospects for the growth of takaful insurance products in the Middle East look bright, according to Standard & Poor's.

China's attempt at liberalizing its ailing corporate bond market with a regulatory switch has, so far, failed to boost the sector.

The Czech Act on Collective Investment has been amended in the area of real estate funds (REFs), effective as of May 26 2006. REFs had theoretically already been enabled by the previous regulation, in place since May 1 2004, but it was too general and highly impractical. As a result, no REF was established under the previous regime. The recent amendment (based on the German model) stipulates in much more detail the requirements for an REF's establishment, investment policy and assets valuation. So far, one REF has been licensed under the new regime.

Top ten trends in China

Liberal regulation pays off

Segregated portfolio companies in Europe

Raquel Hughes, head of main market products at the London Stock Exchange, on solving problems through communication

SEC looks to drop IFRS reconciliation