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Law 1870 of 2017, the Colombian Financial Conglomerates Law entered into force on February 6 2019. The Colombian Superintendence of Finance (SFC) has begun the process of supervising 13 financial conglomerates in the country, five of which are local and eight foreign. The SFC will supervise: Sura – Bancolombia Group, Aval Group, Bolívar financial conglomerate, BBVA Colombia, Fundación Social, Coomeva, Scotiabank Colombia, Itaú Colombia, BNP Paribas Colombia, BTG Pactual Colombia, Credicorp Capital Colombia, GNB Sudameris Colombia and Old Mutual Colombia.

The 2013 banking crisis brought to light the serious issue of Cyprus banks carrying on their balance sheets substantial provisions for non-performing loans (NPLs) which adversely affected the banking sector's profitability and sustainability. In response to EU pressure, the government of Cyprus put considerable effort into tackling the problem of NPLs, implementing various measures including improved foreclosure legislation and measures to assist banks to restructure their loan portfolios.

Chan Sik Ahn, Dongjin Lee and Sunmin Choi from HMP Law evaluate Korea’s new regulatory sandbox and the SAAFI law that underpins it

Joon Young Kim, Seung Jae Yoo and Bomi Chen of Kim & Chang provide a detailed guide on cryptocurrency compliance where cryptocurrencies are not formally recognised in regulation

Jake Robson, Gordon Milner and Nick Davies from Morrison & Foerster discuss cross-border regulatory challenges and how fintechs can plot a path of compliance

Soonghee Lee, Bo Hyun Lee and Jae Ryun Cho of Yoon & Yang discuss the consequences of imposing costly AML and CDD obligations on fintech companies

Jongsoo Yoon and Gidon Nam from Lee & Ko look at the evolution of cryptoassets in Korea and future prospects for asset-backed tokenisation

Egypt’s corporate and legal framework has undergone a number of recent reforms to incentivise foreign investment. Al Tamimi’s Mohamed Gabr and Ingy Darwish explore the key changes

An overview of infrastructure project financing in Nigeria, by Nicholas Okafor and Adeola Sunmola of Udo Udoma & Belo-Osagie