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Swiss make play for Eurobond market

Disclosure rules are forcing issuers to consider listing outside the EU, reports Michael Evans. Switzerland's SWX sees a chance to win business from its European rivals

December 01 2004

Financial Services Authority limits use of soft commissions to execution and research

The UK's Financial Services Authority (FSA) has published a policy update to push the brokerage and funds industries towards a more transparent way of dealing with commissions and other fees.

December 01 2004

Market weighs value of Hong Kong's quick fix

New rules that simplify offers to professional investors are welcome, but Hong Kong's shake-up of securities laws falls short on other counts. By Andrew Malcolm

December 01 2004

Five exit options for China private equity

In the second of two articles, Jack Lange and Marcia Ellis consider how investors in a Chinese company might realize their gains

December 01 2004

What investors can learn from Welcome Break

In the months since the controversial Welcome Break restructuring, bondholders have been analyzing multi-tiered security packages of corporate securitizations with extra care. Bodo Schaar explains how documentation should evolve

December 01 2004

Saudi Arabia

Saudi Arabia recently issued implementing regulations to the Commercial Mortgage Regulations (the CMR). The CMR addresses mortgages on commercial movable property and does not cover real property.

December 01 2004

Hong Kong

Hong Kong is one of the few common law jurisdictions to still operate a deeds registration system for recording interests in land and property, rather than a system of registration of title. In a property transaction, a solicitor has to review the deeds for at least the past 15 years to establish title, unlike a system of registered title, where the register itself gives the evidence of ownership and interests in the property.

December 01 2004

Plain English the key to Hong Kong retail first

HKMC adapted an existing debt programme to achieve the first retail offering of mortgage-backed bonds in Hong Kong. Adrienne Showering and Lydia Lye explain how

December 01 2004

Russian credit card deal cuts risk using offshore vehicle

Freshfields Bruckhaus Deringer and White & Case helped structure a recent securitization for Rosbank to achieve a rating higher than that of the originator. The Eurobond backed by credit card receivables won a B-plus rating, a level higher than that assigned to the parent bank thanks to the negation of Russian currency risk and a solid security package to protect investors.

December 01 2004

Issuers face disclosure crackdown in Japan

Japanese issuers must overhaul their reporting practices to avoid the attention of increasingly intolerant regulators intent on improving investor confidence. Andrew Crooke reports

December 01 2004

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