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Which country has the best onshore holding company regime?

House of Representatives Democrat Elijah Cummings has told IFLR why he wants US banks to explain how they will benefit from the roll-back of swaps regulations in Dodd-Frank. The call from Cummings follows a letter he and US Senator Elizabeth Warren sent to banks on January 29, asking them to outline the scope of their swaps businesses, following a roll-back of the push-out rules, called section 630, released in December.

Christoph Enderstein Antti Ihamuotila Oliver Felsenstein Burc Hesse

John Elliott Joseph Bauerschmidt The new year kicked off with a potential watershed moment in China's rapidly developing legal market. DENTONS and Chinese firm DACHENG LAW OFFICES sealed a deal that will see the two firms combining to form a new 6,500 lawyer outfit under a Swiss verein structure–a form of voluntary association which is a popular entry strategy for international firms into domestic markets. The merger will create the world's largest firm by headcount. On top of that, Dacheng then brought in a team of six equity partners from local firm Haworth & Lexon to strengthen its presence in Shanghai. In Australia corporate partner, John Elliott, joined rival global firm NORTON ROSE FULBRIGHT in Sydney from independent Clayton Utz. Norton Rose Fulbright was in the news again, relocating its Asia Pacific energy head, Vincent Dwyer, from Sydney to Singapore. Also in Singapore KING & WOOD MALLESONS has been granted a foreign law practice licence by the Attorney General's Chambers in Singapore. Its practice will focus on international funds, energy and resources, and China inbound-outbound work.

Indian equities are tipped to be among the best performers in 2015. Investors and issuers have outlined what will make that prediction a reality

Some banks’ internal risk calculations are equally unreliable Europe's policymakers have been focussed on breaking the link between banks and sovereigns since the eurozone crisis in 2012, when Greece defaulted on its debt. However, under EU rules, banks remain free to automatically rate all debt issued by the bloc's 28 member states as risk free, allowing them to avoid capital charges and understate the riskiness of their assets. This broad loophole applies irrespective of whether those bonds are issued by the government of Germany, or the government of Spain, Italy or Ireland.

ETMFs open the door to fancier baskets The success of investment management firm Eaton Vance's exchange traded mutual funds (ETMF) could lead to new US products that also attempt to mirror more than one fund type. ETMFs combine the intraday trading ability of an exchange traded fund (ETF) with net asset value (NAV) pricing used in mutual funds. This offers actively-managed ETFs a way to protect their proprietary indexes.

Deal-hungry operators think Europe has too many

The International Capital Market Association (ICMA) has given another boost to pan-European private placements (PEPP) by publishing a market guide. But obstacles to the market's development remain, in the form of Solvency II capital charges across Europe.

Far-reaching regulatory reforms have a mixed track record in taking into account developed and emerging markets' different needs – often, they lean towards the latter.