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Isil Ökten Aslihan Özbey Akbank TAS has established a covered bond programme in an aggregate principal amount of up to €1 billion ($1.1 billion), which is the first ever mortgage-backed bond programme in Turkey. The first mortgage covered bond programme in Turkey was established on December 23 2014 on the approval of the base prospectus by the Central Bank of Ireland, after a challenging process. This programme comes after many years of hard work by the legislator, the issuers and the arrangers. Numerous changes have been made to the legislation to enable the first issue, and it would still benefit from further clarifications.

Kyle Shin, CEO of Korean hedge fund Gen2 Partners, discusses the domestic regulatory regime and the future for hedge funds in the country

For decades, taxpayers have been bedeviled by the distinction between trading in stocks and securities (eligible for a safe harbour) and lending (generally a taxable business).

In light of recent chaebol activity, overseers at the Korea Corporate Governance Service explain how the market must improve

Dong Chul Kim of Paul Hastings charts the rise of international offerings by Korean issuers

The FSB’s total loss-absorbing capacity rules are still in their infancy, but market participants are worried

The UK government’s plans to prohibit the use of cancellation schemes on takeovers is expected to lead to an increase in transfer schemes in the country

Clifford Chance partners Debashis Dey and Stuart Ure discuss why the $500 million green sukuk was a game-changer for the fledgling market

New rules that expand the Foreign Investment Review Board's approval of investments in agriculture follow growing concern that the sector needs more protection

The path to new debt controls in Europe has been gradual and deliberate. Citi's Kepler Geertsema and Jackie Leggett analyse the trend in the context of the restriction on indebtedness covenant