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  • Icelandic finance market matures Sophie Romaniello of LOGOS legal services provides some insight into the history and structure of banking in Iceland
  • Chinese regulator revamps banking regime The past year has seen big changes in the Chinese banking market. David Liu of Pu Dong Law Office assesses the effects for domestic and foreign banks
  • Banks welcome changes to collateral law The scope of UK implementing regulations for the Collateral Directive is wider than expected, much to the delight of banks. Benedict James and Will Nevin of Linklaters report on the main provisions
  • What EU rules mean for financial conglomerates Jan Meyers and David Ballegeer of Cleary, Gottlieb, Steen & Hamilton examine the impact of the EU's Conglomerates Directive on capital adequacy requirements for bank and insurance groups
  • Directive boosts certainty for EU's troubled banks Christian Pilkington explains how Europe's Credit Institutions Directive will simplify insolvency proceedings in the banking industry
  • How the Prospectus Directive will affect issuers Mark Kalderon and Alexandra Hope of Freshfields Bruckhaus Deringer assess the impact of the Prospectus Directive on issuers who want to sell or list securities in the EU
  • The global financial services industry has grown accustomed to rapid change over the past two years. In the US, plunging stocks brought closer attention to conflicts of interest at leading investment banks. From there, attention turned to mutual funds and, more recently, to rating agencies. The Sarbanes-Oxley legislation passed in response to corporate governance failings has affected banking business also.
  • Asian central-bank bond funds will fail to prompt issuance and increase general liquidity, but might inadvertently succeed in promoting reform. Paul Lejot and Douglas Arner say why
  • US banks that support ABCP programmes are preparing for life under new capital requirements. James Croke and Peter Manbeck explain
  • Questions remain over how effective SEC proposals to register hedge fund advisers will be in preventing fraud, say Mark Bergman, Yvonne Chan and Marco Masotti