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The introduction of total loss-absorbing capacity (TLAC) requirements for banks has caused some jurisdictions to consider so-called tier 3 instruments. But investors and issuers would prefer more tier 2s, according to speakers at Fitch's Global Banking Conference in Hong Kong on June 17.

Many stores stayed open, despite the company’s bankruptcy RadioShack's global asset sale has demonstrated how a retail business can maintain operations throughout a bankruptcy process and avoid total liquidation. The US electronics company has sold the bulk of its assets, including stores and franchise agreements, and entered into a transitional agreement with the main acquirer General Wireless. On June 25, RadioShack representatives announced that the company had reached an agreement to liquidate its few remaining holdings.

The SFC’s response to HKEx’s weighted voting rights proposal had a similar effect Late last month the board of Hong Kong's securities regulator unanimously opposed the Hong Kong Exchange (HKEx) proposal for allowing weighted voting rights (WVR). But a potential secondary listings regime wasn't addressed. Following the Securities and Futures Commission's (SFC) release, HKEx announced it would engage with the SFC. "The Exchange's listing committee will decide the best way forward in light of the views of the SFC," it said.

The European Commission's (EC) merger control enforcement rate is double that of the US and China, according to a recent report.

Suggestions include reducing risk weight floors for bank investors and beneficial regulatory treatment for qualifying securitisations

More customised fundraising and increased regulation has led to longer, and highly negotiated side letters. Here are the six areas limited partners must focus on

Garuda Airlines has become the first Indonesian corporate issuer to tap the international Islamic finance market last month. More deals are expected.

Richard Levin Amy Leder The start of summer has been a time of change in the competitive offshore legal market. In the Cayman Islands, HARNEYS announced that Ian Gobin, a partner and former head of the investment funds practice at Appleby, will be moving over to the firm along with Matthew Taber and Jonathan Bernstein, who have worked with him as counsel and senior associate, respectively. Harneys made another major gain in the British Virgin Islands with the addition of offshore investments specialist Greg Boyd from Carey Olsen. In the US, SIDLEY AUSTIN has been expanding. In May, the firm opened its second Los Angeles office, in Century City. The firm appointed Daniel Clivner, head of Simpson Thacher & Bartlett's LA practice since 1998, as co-managing partner of the new office. Clivner is joined by Matthew Thompson, former M&A partner at Stroock & Stroock & Lavan, and real-estate specialist Joel Rothstein from Paul Hastings.

Pieced together, recent initiatives reveal RMB’s internationalisation Banks and corporates must quickly adjust to the continuing internationalisation of the renminbi – including the need for hedging strategies – according to speakers at the release of a report on the currency. Announcements over the past few weeks have highlighted the pace of reform. This includes the introduction of mutual recognition of mainland China and Hong Kong funds, the opening of the China International Payments System (CIPS) by end-2015, and MSCI and Vanguard's decision to include A-shares in their respective indices.

Repo and the Capital Markets Union dominated debate at last month’s industry event. Here are the highlights