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  • The UK's Financial Services Authority (FSA) has given the UK mutual funds industry a relatively clean bill of health, saying it is largely free of the trading practices that have rocked the US market over the past year.
  • A court ruling has threatened the enforceability of New York's model statute on securitization of tobacco revenues. Nicolas Weill of Moody's, New York, explains
  • Germany's parliament has amended the German Mortgage Bank Act to increase the legal certainty of security for investors in covered bonds.
  • The UK's Financial Services Authority (FSA) is to use a blend of regulatory reform and industry initiatives on improved disclosure to reform questionable soft commission and bundled services practices.
  • A review of the region's securities law overhaul after a year
  • A new bill seeks to relax conflict of interest standards for US banks that advise on Chapter 11 cases. Richard Hahn and My Chi To consider the case for change
  • Barclays' proposed iShares expose ambiguities in the US regulatory treatment of commodity-linked securities. Philip McBride Johnson explains
  • Many corporate users of derivatives appear unwilling to accept the tighter credit provisions found in the 2002 Isda Master Agreement, says Josh Clarke
  • Russia is pursuing a policy of strengthening market competition, including competition in the financial services market. It is expected that a new antitrust law regulating competition will be submitted to the Russian government soon. The existing system prevents market domination - it is proposed that instead any abuse of such domination and concerted action of competitors to restrict competition be suppressed.
  • Various mutual funds are leaving The Netherlands because of the mandatory listing at the Euronext stock exchange in Amsterdam. The funds complain that such listing is of no added value to them, because it entails a cost and administrative burden that is too heavy.