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In the February 2018 cover story, IFLR discusses how upcoming elections in a number of Latam nations could unsettle the equity and debt capital markets

The Central Bank of Cyprus (CBC) has released its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to August 31 2017. The analysis shows aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. During the month of August NPFs fell by €497 million ($598 million), a reduction of 2.2%, to €21.9 billion, against a backdrop of a smaller (1.1%) reduction in total facilities, from €49.5 billion to €48.9 billion, over the same period. As a result, the percentage of facilities classified as non-performing fell to 44.7% at the end of August 2017. Total impairment provisions made against NPFs totalled €10 billion as at August 31 2017, accounting for 45.9% of aggregate NPFs.

The development of communication media, especially mobile devices with internet access, has led to the appearance and rapid growth of several new types of electronic payment services. In particular, as technology advances, software applications that can be used from mobile devices have quickly developed as easy, reliable and secure platforms from which to perform payment transactions, thus increasingly gaining popularity among consumers and retailers.

There has been a marked increase in investments by Japanese investors in foreign real estate funds, but the marketing of such funds in Japan is subject to many regulations, including the Financial Instruments and Exchange Act (FIEA). The following is a brief summary of the two principal regulations applicable to operators of typical foreign real estate funds, such as limited partnerships, investment trusts or real estate investment trusts (Reits) that are established under foreign laws, and which are marketed to institutional or professional investors in Japan.

On December 19 2017, President Rodrigo Roa Duterte signed into law the Tax Reform for Acceleration and Inclusion (Train) which took effect on January 1 2018 and introduced Phase 1A of a massive reform of the tax system of the Philippines. A notable change is the overhaul of the tax rates on individual compensation income (see table)

US courts are progressively shifting their analysis to the process by which a transaction is approved, leaving behind fear of these investors' influence

Non-EU/EFTA buyers of German targets need to be aware of new notification obligations regarding certain foreign investment transactions in the member state

An in-depth look at how it differs from a traditional bond and how it has the potential to change the way capital markets function

The proposed Financial Services Act will introduce new regulatory conduct rules and a new regime for the offering of securities

The Irish Central Bank (CBI), in common with other EU regulators, will be focused in 2018 on intensified supervision of anti-money laundering/counter-terrorist finance compliance, data protection, and ensuring banks and other regulated institutions have robust cyber security systems. However, in Ireland another area is emerging. This is the question of individual responsibility for increased regulatory scrutiny by directors and senior managers for regulatory breaches by their institution.