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  • The US government needs to start filling them
  • 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.
  • 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.
  • In China, Beijing-based HAN KUN raided AllBright's Shanghai head office for a team of eight partners and 10 other lawyers to expand in the commercial hub. Corporate partner David Tang leads the departing team alongside banking and finance partner James Miao and corporate partners Michael Mao, Li Jun, and Zhu Min.
  • US in-house believe the Jobs Act should be extended to larger issuers. But the law alone won’t bring companies to market
  • The Colombian Superintendence of Finance (SF) issued rules last July creating the category of well-known seasoned issuers or WKSIs (emisores conocidos y recurrentes) for the first time in Colombia
  • The Cyprus Securities and Exchange Commission (CySEC) has recently issued guidance on what it considers to be significant Cyprus investment firms (CIFs) for regulatory purposes
  • The Egyptian Capital Market Law and its regulations (CML) has regulated the acquisition of listed stock and gaining control over listed entities
  • The Financial System Law that came in force in 2004 allowed banks of the Honduran banking system to ‘offer and provide any financial service via electronic means’