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Secondary loan market participants continue to grapple with who the customer is for anti-money laundering purposes

If his work at the Fed is anything to go by, Randal Quarles' appointment as chair of the Financial Stability Board could bring regulatory liberalisation to the many

It's nearly the end of a very active and exciting year for financial regulation, a year marked by the entry into force of the so-called alphabet soup: Priips, Mifid II and GDPR, to name a few.

The discovery of pre-salt reservoirs in Brazil dramatically increased the country's oil reserves. There was hope that oil would fund education, health, and infrastructure, but these hopes proved to be unfounded.

On July 6 2018, the 196th ordinary session of the Diet passed the Work Style Reform Act (Act) into law. The Act, which amends the Labour Standards Act (LSA) and other laws and regulations concerning working hours and annual paid leave, is intended to ensure that employees do not work long hours and enjoy a diverse work-life balance that suits their individual circumstances.

A law providing for the regulation and supervision of payment systems has been proposed and is now pending before the Philippine senate for transmission to the president for final approval (the House of Representatives adopted the Senate version of the bill as an amendment to the House version and this was transmitted to the Senate on October 3 2018). If the proposed law is passed in its existing form, it will grant the Bangko Sentral ng Pilipinas (BSP) supervisory and regulatory authority over payment systems in the Philippines. The proposed law mandates the registration of payment system operators and limits those allowed to operate payment systems to persons and entities that obtain advance approval from the BSP.

On November 15 2018, the Chief Executive of the Macau Special Administrative Region announced the 2019 policy address at the Legislative Council with a headline of 'Seize opportunities for balanced development'. Some highlights of the tax relief measures mentioned are as follows:

On June 15 2018, the Swiss Parliament adopted the Swiss Financial Services Act (FinSA). In the meanwhile, the Swiss Federal Council opened a consultation process regarding the Financial Services Ordinance (FinSO), implementing the provisions of the FinSA, which will last until February 6 2019. Together with the new Swiss Financial Institutions Act, the FinSA and the related implementing ordinances are expected to enter into force on January 1 2020. These laws are part of an entirely new regulatory framework governing the Swiss financial markets.

Among the variety of investment areas in Vietnam, the education sector is becoming one of the most appealing. Consumer expenditure on education continues to rise in Vietnam. According to the British Council, consumers spent $8.6 billion on education in 2015, which is forecast to increase to $12.8 billion by 2021. According to statistics provided by the Ministry of Planning and Investment, for the first half of 2017, Vietnam attracted over $701.69 million in foreign direct investment via 336 projects in this sector.

Americas reporter John Crabb talks to Blackstone senior managing director and chief legal officer John Finley about his time as general counsel, building a team and the private equity landscape