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What will stop swap counterparties hitting this? Inserting new clauses into derivatives contracts could be the final piece of the solution to the too-big-to-fail conundrum that has vexed regulators since the collapse of Lehman Brothers in 2008. The industry group for the $700 trillion global swaps market, the International Swaps and Derivatives Association (ISDA), is revising international protocols to impose a temporary pause that would prevent counterparties from terminating swap trades with a failing bank for up to 48 hours.

Proposed changes that empower minority shareholders could have unintended side effects. Ogonna Chinedu-Eze, Ozofu Ogiemudia and Folake Elias-Adebowale of Udo Udoma & Belo-Osagie explain why

TPG’s acquisition of up to 75% of Union Bank of Colombo is Sri Lanka’s biggest private equity deal. It also signals increasing interest in the south Asian country

The restructure of Suzlon Energy’s foreign currency convertible bonds is the largest in India to date. It also demonstrates that offshore bondholders and onshore lenders can reach a solution together

Investors must push back against Asia's weakening high-yield covenant packages. Although investor protections remain robust – especially compared to what's seen in the US and Europe – the region's legal frameworks are much less established.

The European Central Bank (ECB) has quite the job on its hands. Tasked with supervising the eurozone's largest 128 banks in November, the central bank needs to prove itself.

Islamic finance has experienced an impressive growth trajectory over recent years, with analysts tipping it be worth $2 trillion by the end of 2014.

The uptick in small business administration (SBA) licences suggests banks are increasingly taking advantage of the exception to the Volcker rule's ban on proprietary trading, which allows them to make investments through Small Business Investment Companies (SBIC).

Asia is not moving in line with European and US covenants Investor protections in Asia high-yield bonds have diverged from the global trend of weakening covenant packages. They're expected to remain investor-friendly compared to those seen elsewhere. Moody's recent Asia-Pacific Covenant Quality report noted that Asia's covenant packages remain stronger than those in Europe and the US – although non-Chinese bonds tend to have stronger scores.

There is speculation that the European Commission's delay in approving the liquidity coverage ratio (LCR) means it will reflect the outcome of the Bank of England (BoE) and European Central Bank's (ECB) consultation on reviving securitisation.