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  • China's interpretation of some international conventions as well as its broad state secrecy laws and regulations have constructed a type of firewall around its financial institutions. This has, essentially, rendered them nearly immune from the jurisdiction of other countries' courts and regulatory agencies. That may have short-term benefits – namely avoiding litigation in the US – but could ultimately harm their integration into the global financial system.
  • A scheme based on the mutual recognition of PRC and Hong Kong funds has recently been announced
  • Keepwells are just like love letters, apparently Chinese corporate issuers are now able to guarantee their bonds, but investors have said that regulatory restraints mean support mechanisms remain popular.
  • The record-breaking deal signals greater flexibility in the use of underlying assets
  • Opaque definitions are preventing the asset class truly taking off. Here's what must change
  • Last month's ruling in the Federal House Finance Authority's (FHFA) case against Nomura and RBS may mark the beginning of closure for the residential-mortgage backed securities (RMBS) market, after the beating it has taken following the financial crisis. The blows to RMBS were both physical to its value, and emotional to its reputation.
  • Hopes for the region’s biggest economy are tarnished by legacy issues and incoming reforms
  • Risk and regulatory change have defined private sector dealflow. But sovereign issuance remains buoyant, according to IFLR’s new quarterly Latin America focus
  • In-house and leading private practitioners gathered in London on May 19 to discuss how to encourage and capitalise on the continent’s growth story. Here are their key messages, and most candid off-the-record quotes
  • The Chinese government's economic retreat has undermined its implicit backstop of state-owned entities (SOE). Investors have emphasised the importance of credit research in the country.