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The Stock Connect has been subject to significant scrutiny about the lack of trading volume. But market participants believe critics should focus on the scheme's longer-term implications

Six months after becoming chief of the global OTC trade body, Scott O’Malia discusses his plans for the cross-border derivative market

The city’s use of Chapter 9 of the Bankruptcy Code made the deal similar to both a sovereign and corporate restructure

The Atlantic Council’s Chris Brummer explains why the organisation is a firm supporter of the Transatlantic Trade and Investment Partnership, and how recent political developments are impacting negotiations

Birungyi Barata & Associates discuss what the East African Community Double Taxation Agreement means for raising capital and investment in the region

Panagiotis Drakopoulos Far from the saturated marketplace of Europe, the economies of south-east Europe (SEE) have managed to secure a relatively stable growth potential through targeted financial policy reforms. The years before the financial crisis saw a large investment boom in the region by means of capital inflows, inevitably fuelling market bubbles, such as the one that popped six years ago in the Romanian real estate market. Despite the fact that the financial and liquidity crisis may have bucked the upward trend in the real-estate sector, SEE remains a top European destination for short-term and long-term investment opportunities, multiplying its regional growth dynamics. Regionwise, SEE countries seem to border the rest of Europe both in terms of distance and mentality, as opposed to Asian and African countries.

The political crisis embroiling Russia and Ukraine has created new opportunities for foreign and local banks in the region. Mayer Brown's Mayank Gupta and Trevor Wood analyse the areas to watch

This instalment of Corporate Governance Quarterly asks whether shareholders are interested in anything more than the bottom line

Banji Adenusi As a form of financial derivative involving the sale of securities, repos are central to the provision of liquidity in the financing and trading of treasury securities. The Nigerian repo market, however, remains largely dominated by the money and interbank markets as the main liquidity providers. With their global attractiveness, the primary concerns in Nigeria relate to the validity, enforceability of netting provisions, transfer of title and recharacterisation of repos. Bearing in mind that repos can sometimes be said to operate in a manner similar to secured credit transactions, perhaps these concerns are worth highlighting. In Nigeria, the laws applicable to derivatives are equally applicable to repos (section 315 of the Investment and Securities Act), while securities lending appears to be a generic term encompassing a host of transactions including repos. The approach favoured by the Nigerian Securities and Exchange Commission (SEC) is to interpret all types of dealings involving securities as falling within the ambit of section 315. The validity of these transactions is guaranteed, further taking into consideration their non-classification as unlawful gaming contracts.

Five months have passed since the Alternative Investment Fund Managers Directive (AIFMD) was implemented in Norway. Since July 1 2014, a relatively large number of applications have been filed with the Financial Supervisory Authority of Norway (FSAN), concerning both marketing in Norway of non-EEA alternative investment funds (AIFs) of EEA alternative investment fund managers (AIFMs) and AIFs of non-EEA AIFMs. The FSAN have slowly but steadily been working through the pile of applications and after a somewhat slow start in July and August, have now increased the pace. To date, approximately 30% of the filed applications have been handled. Of these, approximately 65% relate to non-EEA AIFs of non-EEA AIFMs and 35% relate to non-EEA AIFs of EEA AIFMs.