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  • João Nuno Riquito Carlos Eduardo Coelho On November 10 2016, the Macau Special Administrative Region (Macau SAR) legislative assembly unanimously approved the first reading of a bill that proposed amendments to the law on the prevention of money laundering activities – law 2/2016 (AML law). More recently, on January 4 2017, the legislative assembly approved the first reading of a bill that proposed a border currency declaration system for anyone entering or leaving Macau SAR.
  • Beatriz Causapé Laura Torrecilla In a context where Spanish banks continue to sell their non-performing loans (NPLs) to reduce the level of their provisions and improve their solvency ratios, several national and regional rules have been approved, and resolutions passed recently in an attempt to protect debtors, who are often in precarious situations.
  • Nguyen Hoang Ly Public offering or private placement
  • Will there be any piece of Obama administration legislation left when Donald Trump decides to end his regulatory rollback? Healthcare, environmental and trade rules have so far been given a significant haircut, but financial regulation is undergoing one of the most significant and high-profile dissolutions.
  • A plan mooted by the European Banking Authority's (EBA) chairman Andrea Enria to create an EU-wide designated fund for dealing with the continent's bad loan problems has been met with a lukewarm response.
  • The European Securities and Markets Authority (Esma) last week called for all hedging arrangements at share class level – with the exception of currency risk hedging – to be set up as separate funds or sub-funds.
  • Tech firm Snap's decision to go public with only no-vote shares on offer is a bold move that's unlikely to become a trend, despite the fears of some investors. The decision taken by the parent company of instant messaging app Snapchat has incensed investors, so much so that a number of US pension funds are in the process of writing Snap's executives a strongly-worded letter.
  • China's State Administration of Foreign Exchange (Safe) shocked Hong Kong and mainland Chinese investors by recently allowing onshore PRC investors to participate in Hong Kong IPOs raised by Chinese companies as cornerstones – provided that they agree to a number of conditions.
  • US courts have amended their approach to disclosure only settlements of M&A litigation
  • The Islamic finance market has stalled at a critical point. But only global standards and a concerted effort to promote them can reopen the door to growth