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Electronic platforms could save corporate bond trading from a liquidity drought. But will they usurp banks?

The last major regulatory reform under Basel III has been announced. But will the measures prevent another crisis?

Luis Gabriel Morcillo Maria Camila Ordoñez To facilitate access of small and medium-sized enterprises (SMEs) to local capital markets, the Colombian Ministry of Finance enacted Decree 1019 of 2014 to alleviate registration burdens in the Colombian alternative equity and fixed income market (Alternative Market, or Segundo Mercado). This reform will allow smaller companies and not recurrent issuers to finance their operations through capital markets. This will offer attractive returns, as are usual from these type of issuers, to institutional investors (those authorised to invest in the Segundo Mercado). Through the reform, when the Superintendence of Finance has validated the registry requirements, its supervision powers are transferred to the issuer, its directors and to all its financial and legal advisors, in a such a way that all involved advisors will be liable for the entirety and completeness of the information disclosed in the offering documents. With this new procedure, registration periods are considerably reduced and it is in the best interest of SMEs to set up a diligent offering process and sufficient documentation to obtain an automatic registry before the National Registry of Securities and Issuers (RNVE) within a few days of filing to launch the offering.

Oene Marseille Emir Nurmansyah Late in October of 2014 the Indonesia Stock Exchange (IDX) issued new listing rules applicable to certain mining companies. Under this rule, a mining company in possession of an Mining Business Licence – Production Operation (Izin Usaha Pertambangan Operasi Produksi) or Special Mining Business Licence – Production Operation (Izin Usaha Pertambangan Khusus Operasi Produksi) may apply for registration with the stock exchange. This includes companies that are yet to start a production activity. The pre-production company must have a 'proven' or 'probable' reserve as evidenced by a report from a competent party. Additionally, in obtaining approval for the listing, an independent valuation report is required. The report must state that the pre-production company will have obtained operational profit and net profit from its core business activities within four fiscal years of the listing date.

Beneficial ownership issues have hampered Ucits’ ability to invest through the Stock Connect. But Asifma's Eugenie Shen explains that the real issue may be enforcement

It’s been a watershed year for structured product reforms. Attention has now turned to how the patchwork of regulations will interact

Can the new breed of municipal bonds refinance local governments’ non-performing debts?

The $1 billion deal signals the growing importance of Islamic finance for Muslim-majority countries

The programme officially opened on November 17. But the exchanges involved are already contemplating the link’s evolution

The region’s banks have more than enough Repo markets in Asia are growing and new banking regulations make it more expensive for banks to hold assets on their own books. But collateral in the region must be permitted to move across borders. While dealers in other jurisdictions may complain about a shortage of collateral, the market remains relatively simple in Asia: it's predominantly cash.