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  • Islamic finance structures are increasingly being used for renewable energy projects across MENA. Here are the techniques to consider
  • Andrew M Garbarski In a recent milestone decision dated May 24 2016 (decision 6B_503/2015), the Swiss Federal Supreme Court (SFSC) held, for the first time, that the duty of financial intermediaries to report suspicions of money laundering may extend beyond the end of the relevant business relationship.
  • In the aftermath of the 2009 global financial crisis, international financial regulatory bodies such as the Basel Committee on Banking Supervision scrambled for answers to one key question: what caused the crisis. Although there were many causes, regulators uniformly concluded that a lack of sound corporate governance practices was one of the root causes of the crisis. It was said that boards of directors that were asleep at the helm, so-called runaway CEOs, figurehead audit and risk committees, and a lack of checks on moral hazard, were to blame for many of the problems.
  • This will be made easier The Financial Conduct Authority's new rules, which came into effect on September 7, create a better legal framework for whistleblowing in the UK.
  • A new instrument linking financial returns to environmental or social goals could thrive. But securities law conditions need to be met first
  • A Global Financial Markets Association (GFMA) report has highlighted risks stemming from post-crisis Basel reforms, suggesting a cost-benefit analysis of existing and proposed bank regulation.
  • A Commission non-paper seen by IFLR, which sets out a framework whereby contingent convertibles (CoCos) would be given greater protection, has been heralded as a welcome clarification for investors. Under the plan, CoCos are given priority if a bank's maximum distributable amount (MDA), including dividends and bonuses, is under pressure.
  • Nguyen Thi Thanh Huong Cheaper labour and long-working hours are advantages for developing countries wishing to attract foreign investment. Vietnam is one Asian country which has these advantages. According to Labor Code 2012, a normal working day is eight hours-long, which amounts to 48 hours a week. The current minimum wage for low-skilled employees in private companies ranges from VND2,400,000 to VND 3,500,000 ($109 – $159).
  • Islamic bonds benefit buyside and issuers but are hard to find in western capital markets. Several things need to be done to kickstart the global market
  • Diego Alejos Bill 4895 (the Factoring Agreement and Discount Law) and Bill 4896 (the Leasing Agreement Law) have been thoroughly discussed in Congress recently. Both aim to help the development of the nation's economy, by providing individuals with new financing methods. Both bills also introduce some interesting concepts which, if applied, could be beneficial to the contracting parties.