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  • European proposals on solvency requirements for life reinsurers could quadruple existing capital requirements, says Standard & Poor's.
  • Japan: bengoshi are crossing over to international firms Law firms in Japan are racing to convince senior lawyers at rival practices to switch firms as next April's market liberalization approaches.
  • Substantial amendments to China's Company Law are believed to have been proposed and may be on the agenda of the Standing Committee of the National People's Congress this year.
  • By Bob Penn of Allen & Overy
  • Investment services move closer to a single market Jonathan Herbst and Mathew Rutter of Norton Rose review the changes in store for the European financial markets once the new Markets in Financial Instruments Directive is implemented
  • Icelandic finance market matures Sophie Romaniello of LOGOS legal services provides some insight into the history and structure of banking in Iceland
  • 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 EC competition changes affect UK financial services Alastair Gorrie and Tim Miller of Coudert Brothers review recent UK competition law developments, with a particular focus on the financial services sector
  • 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
  • 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