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IFLR's cover story this month looks at developments in contingent convertible bonds (also known as CoCos), and the rapid maturation of the bank capital market. CoCos are bonds that are designed to convert into shares or be wiped out if a bank runs into trouble. Because these securities receive a regulatory seal of approval as a way for banks to build loss-absorbing capital buffers, the instruments are quickly gaining popularity. Indeed, Santander and Danske Bank have both recently issued CoCos. Even Nationwide, a mutual with no equity into which the bonds can convert, has now found a way to enter the market.

Disintermediation via group insurers is the low hanging fruit for longevity de-risking

George Borovas,

Europe’s most popular fund domiciles, as revealed by the global survey A global survey of 200 asset managers has revealed their priorities when choosing European fund domiciles, with some surprising results. The Economist Intelligence Unit survey, commissioned by Matheson and released on March 4, confirms previous reports that Ireland is Europe's fund domicile of choice. Other findings, however, challenge the traditional perceptions of the funds industry.

João Nuno Riquito and Bruno Almeida of Riquito Advogados navigate the network of interests and rules that arise in cross-border mergers involving Macau

Sanctions placed on Russian and Ukrainian officials by the US and EU are constantly evolving, forcing banks and other financial institutions to take a proactive approach to due diligence and financing

The incoming UK framework increases the accountability of individuals at the top of financial services firms. Harry Edwards of Herbert Smith Freehills assesses the regulators’ and market’s key considerations under the new rules

Statutory amendments taking effect in May give investment funds greater scope when investing in the African region. These are the soon-to-be-available structuring tools

Apollo has become the first private equity firm to takeover a Spanish bank, revealing the Bank of Spain's new regulatory attitude towards financial sponsors as bank owners.

Craig Whitley,