Clifford Chance
FDIC’s Hoenig: don’t impose TLAC, let equity 'do its job'
FDIC vice-chair says TLAC should reflect individual bank business models
Derivatives Law Firm of the Year: Clifford Chance
Advisory work for regulatory bodies helped clinch award for law firm
Vietnam moves to set up bond and equity index futures markets
A new decree sets out legal framework for establishing futures market
Divergent nexus rules threaten reporting chaos in Asia
Australia reporting rules differ from those in Hong Kong, Singapore
Buy-side cost concerns prompt MAS trade reporting exemption
Smalls firms baulk at paying up to $18,000 to register a few trades
KRX adds 16 foreign branches for mandated won IRS clearing
KRX set to receive no-action relief from the CFTC later today
Singapore facing substituted compliance ruling following J. Aron swap dealer registration
Move by Goldman’s commodities subsidiary could trigger CFTC ruling
Europe looking 'dysfunctional and extreme' over Esma equivalency procedure
No guarantee of equivalence being granted to Asian clearing houses
MAS proposes to amend laws to allow trade reporting of counterparty name
Consultation on the reporting of derivative contracts includes a reporting threshold for non-financial persons and collateral reporting requirements
EU financial transaction tax may drive Asian banks away from European business
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Lack of co-ordination of bank resolution regimes behind subsidiarisation push
Asia still behind on global rules forcing subsidiarisation of foreign banks in the region
Mandatory clearing in Hong Kong postponed until January
Banks will have a six-month grace period before they must finally start clearing by July 2014
Solvency II set for inconsistent soft launch, lawyers warn
Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives
UK insurers ‘must adapt to dual compliance burden’ as new regulators begin to flex muscles
Firms braced for duplication of compliance work amid signs that framework for regulators to share information is not working, lawyers warn
Uncertainty over Emir may force European banks from some Asia OTC markets
The deadline is approaching for regulators to establish what European banks can clear and where on Asian CCP platforms ahead of OTC market standards going live from March 15
Central clearing obligations cause collateral headaches in Asia
Collateral thinking
Mifid obstructing cloud computing at European banks
Vendor contracts may not be flexible enough to satisfy outsourcing rules
Sanctioned jurisdictions struggling with Fatca
Barriers to entry
Dodd-Frank and its impact on Asia
States of confusion
US and China could play ‘fiscal chicken’ under Fatca, expert warns
China's absence from IGA negotiations could mean a standoff once withholding starts
SGX puts margining framework in place for cleared securities
Singapore becomes the first exchange in Asia to implement Iosco principles
Arnaud Sarfati to exit SG CIB in reshuffle
Sarfati to leave as SG rings the changes
UK fines increase as FSA ditches soft approach
No more Mr Nice Guy