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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.

The emphatic message from poll respondents is that shareholder engagement must be boards’ priority in the lead-up to proxy season

Which country has the best onshore holding company regime?

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 combination of telecommunication companies Oi and PT has taught Brazilian investors the downside of public M&A. A more thorough review of disclosures is likely to occur in future deals.

The Hong Kong Monetary Authority's (HKMA) bank resolution consultation included the International Swaps and Derivatives Association's (Isda) protocol on temporary stays. Other Asian jurisdictions must follow.