The first securitisations of property assessed clean energy bonds have opened a lower risk alternative for funding energy efficient property developments
The settlement reached between Repsol and Argentina’s government over expropriated shares of local subsidiary YPF has changed the paradigm for negotiations and payments in similar situations
In response to market demands, Cayman Island's Exempted Limited Partnership Law has been rewritten to align with the equivalent Delaware law which is seen as the gold standard for regulation in the area
Privacy concerns still hamper the re-proposed rule The reopened comment period for Regulation AB II closed on March 29. But issuers and investors continue to clash over the level of disclosures in asset-backed securities (ABS) offerings and its potential ramifications. The wait for the new regulation had been extended in February following the Securities and Exchange Commission's (SEC) postponement of a vote and request for further comments addressing privacy concerns.
Is the US leverage ratio still just a backstop? On April 8 the US Federal Reserve issued its final ruling on the enhanced supplementary leverage ratio (ESLR) for the country's eight largest lenders. The two percent increase over the Basel recommendation has banks considering ways to adjust their portfolios, with the possibility of adding risk to maintain profitability. The final rule is not a deviation from the proposal, but is still unwelcome and could impact banks' global competiveness. The eight largest banks will now be required to meet an ESLR of five percent from 2018 and subsidiaries are recommended to have a six percent ratio.
