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The Association for Financial Markets in Europe's (Afme) report for the second quarter has shown that banks are making strong advances in their Basel III implementation. Between December 2013 and June 2015, 14 EU global systemically important banks (G-Sibs) increased their Common Equity Tier 1 (CET1) ratios from 10.8% to 11.9% on a phased-in basis, and from 10.2% to 11.6% on an end-point basis.

Bernd Langeheine

Since the first drafts of post-crisis reforms appeared in government corridors, many have feared that lawmakers are too focussed on regulating the past. Some of the initiatives thrashed out during those first months – the G20's 2009 Pittsburgh agreement on centralised clearing for OTC derivatives, for example – are so sensible that their pre-2007 regulatory situation now seems inconceivable. But others – like the EU's clampdown on repo – suggest they are so intent on preventing yesterday's crisis that making, often misguided, changes at the margins is considered worthwhile use of their time.

When General Electric (GE) first agreed to buy Alstom's thermal, renewables and grid businesses back in April 2014 for $13.5 billion, it surely knew the deal would be no easy feat.

Asia's regulators are taking an increasingly proactive stance towards fintech development and its evolution. A group of Chinese authorities has come together to announce a set of regulations in this area, while the Monetary Authority of Singapore (MAS) has recently announced that it will invest in developments in this space.

Recent changes to the patchwork of restrictions have piqued the interest of financial institutions. Before taking advantage, Baker & McKenzie's Jasper Helder explains what they must consider

The Kuwaiti government is developing new legislation which will allow it to issue a sovereign sukuk. The oil-dependent country is looking to diversify its funding sources amid crude oil prices' 50% drop over the past 12 months.

US banks have too many A study by the New York Federal Reserve has revealed growing complexity in the way banks maintain foreign subsidiaries, but not a corresponding increase in risk. The number of legal layers between a bank subsidiary and its top holder has expanded from three in the 1990 to an average of five in 2014. According to data from the National Information Center (NIC), the largest separation between a US bank and a bank subsidiary was 16 layers, and 19 for a non-bank subsidiary.

Construction company OAS is the first to take full advantage of the Brazil's restructuring law, which was passed 10 years ago, by securing debtor in possession (Dip) financing. After several appeals and an injunction, an appeals court last month confirmed a lower ruling approving the financing.

Alana Griffin