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The FSB wants to make global asset management a safer place

Carlos Fradique-Méndez María Natalia Rodríguez Colombia's fourth generation infrastructure programme unveiled by the government back in 2013 and further developed in 2015, for the first time formally acknowledged and subtly introduced basic premises of project finance into the legal framework. The ambitious investment targeted intermodal transportation development. Since its structuring stage, it has entailed several alterations both to the applicable regulation and institutional behaviour. The official introduction of this specialised type of financing scheme through the PPP law (1508 of 2012) and infrastructure law (1682 of 2013) has proved its worth by attracting investors with a sophisticated appetite and achieving the closing of the majority of financing agreements.

The lighter side of the past month in the world of financial law

The government has had to save a number of national banks from collapsing but the EU prohibition on bailout means it’s had to look to capital markets

The country recently implemented legislation to clamp down on tax evasion. Its effects are wide-ranging

Elias Neocleous The European Securities and Markets Authority (Esma) set out guidelines for the assessment of knowledge and competence in its publication Esma/2015/1886 dated December 17 2015. In preparation for these guidelines which come into force on January 3 2018, the Cyprus Securities and Exchange Commission (CySEC) has issued a circular (C181 dated February 2 2017) advising Cyprus investment firms (CIFs) on their obligations when providing information to clients on the services and instruments they offer, in order to meet their overriding obligation to act in the best interests of their clients.

The issuance of Egypt's largest ever eurobond and the first triple-tranche instrument to come out of Africa will support the country's extensive economic reform progamme.

Sapin II aims to bring French transparency in line with international standards. But it is yet to be tested in practice

The rules will drastically change the landscape. Fund managers must consider how research is priced and exactly where it should come from

Matthias Bürge, Andreas Moll and Charlotte Rupf from Prager Dreifuss assess the importance of data protection considerations in M&A due diligence