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On June 8 2017, the Brazilian Federal Government issued Provisional Measure 784/2017 (PM 784), which establishes new rules applicable to punitive administrative proceedings taking place at Bacen (the Brazilian Central Bank) and the CVM (the Brazilian Securities and Exchange Commission).

Handling bad debts has been emerging as an issue in Vietnam's banking system over recent years. A high ratio of bad debts, which amounts to approximately 5.85% of the system's total outstanding loans, has caused an adverse effect on overall economic development.

Altruism is not a word that appears often in connection with the financial sector. When it comes to the Venezuelan bond market, however, there is a strong argument that it should.

Any UK/EU post-Brexit arrangement would need to be grounded in mutual recognition

EU derivatives legislation may fall short of delivering a cohesive regime

On July 5 2017, the Swiss Federal Council (Bundesrat) amended the Swiss Federal Banking Ordinance to ease the Swiss regulatory framework for providers of innovative financial technologies (fintech).

A pressing issue in Japan is the ageing population combined with the diminishing birth rate. The Japanese government has been in the dark on how to handle these two elements. At first glance, these two concerns appear to present conflicting demands, namely (i) expanding health and medical services for the elderly, while at the same time; and (ii) minimising the use of public funds for those health and medical services, as a means of tackling the issue. Therefore, in order to deal with this problem, the Japanese government has drawn attention to the use of private resources, such as private funds, including Japanese real estate investment trusts (J-Reits), to provide sufficient monetary resources to the health and medical care industries through the acquisition of their assets.

Local financial institutions have started carrying out due diligence on customers’ tax residency as devised by the CRS. But some questions still remain

Two cyber breaches allowed the US telco to secure a better purchase price using the clause

The regulator opted for a relatively easy target in its first ever criminal prosecution for competition-related offences