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Non-performing loans are contaminating banks’ balance sheets. Securitisation may be the solution, but it won’t be easy. Success depends on improvements in servicing, enforcement and foreign involvement

Yoshitaka Kato On April 28 2016, the Ministry of Economy Trade and Industry published a practice guide for the introduction of restricted stock as a new incentive award for directors and executive officers in Japan. The introduction of restricted stock is a common performance-based award in western countries. According to the practice guide, it will enable Japanese companies to globally acquire highly-talented management personnel and manage this personnel in a uniform way. Additionally, the Japanese Corporate Governance Code, which the Tokyo Stock Exchange published in 2015, provides that in order for management remuneration to operate as a healthy incentive for sustainable growth, the proportion linked to mid- to long-term results and the balance of cash and stock should be set appropriately.

When British dental company Mydentist issued its £425 million high yield bond on August 5, the UK's debt markets and its commentariat should have been celebrating. The firm had just sold the first sterling bonds since the UK voted to leave the EU on June 23, signalling that British issuers could still price a deal in an apparently apocalyptic environment.

Eighteen months on from its inception, Europe's single supervisory mechanism (SSM) has been hailed an overall success – although not without a few teething problems.

A governing law breakthrough led to serious workload for banks and their counsel on this African financing

Brazil needs Dip financing now

Britain's vote to leave the EU has far-reaching ramifications for European insolvency law, and could see proceedings opened under English law disregarded by other jurisdictions.

US presidential hopefuls are contemplating reinstating the act in response to the government’s handling of the 2008 financial crisis. It would be a mistake

The BRRD’s lack of prescriptive approach could be a reason EU member states have differing views on recovery and resolution strategies for their banks

To paraphrase that old foe of capitalism Leon Trotsky, you may not be interested in financial crises, but financial crises are certainly interested in you.