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Overcoming misguided criticism regarding their level of transparency and punitive character, these tools have proven essential to resolution

Nisha Kaur Uberoi, Trilegal

The Trump administration has been working through its plan to reduce regulatory burdens for financial institutions – with various consequences

In February, the United States Court of Appeals for the Second Circuit reversed a 2014 decision that had found Jordan-based Arab Bank liable for intentionally supporting the terrorist group Hamas. The original decision was made after the bank was tried by a Brooklyn-based jury for providing financing to the group, which has been linked to several militant attacks against Israel in the early 2000s. It was the first time in the US that a bank was held liable civilly for violating the Anti-Terrorism Act, which lets US citizens seek damages from international terrorism.

Plans for a European banking union have been a long time in the making. Since 2012, the EU has been in conversation with member states to strengthen the bloc against economic shocks. These conversations have intensified over the last few weeks but Germany's acting finance minister Peter Altmaier said that clarifications on risk sharing and reduction need to be made in order to proceed to the next stage.

Alex Baker, director of competition advisory boutique Fingleton Associates, finds issues with the UK’s targeted merger strategy and its wide margins of discretion

IFLR's fifth annual Merger Control Survey was conducted on a global basis over a two month period. Based on the responses, legal systems in each jurisdiction have been rated on a spectrum that ranges from predictable and light touch regulation to unpredictable or highly intrusive regulation. The ratings do not indicate whether or not a particular approach is justifiable or reasonable.

Maria Raptis and Ken Schwartz, Skadden Arps Slate Meagher & Flom

www.skadden.com

Guidance from 2013 has been subject to much criticism from banks, but has never been reviewed. Until now