Results 1-10 of 30
1 May 2019
It has been over 18 months since Andrew Bailey, Chief Executive of the UK’s Financial Conduct Authority (FCA), announced the need for the market to transition away from LIBOR before the end of 2021. As we get ever closer to that December 2021 end date, this...
23 January 2019
On 1 January 2019 the EU Securitisation Regulation began to apply. The Regulation is both complex and far-reaching, and contemplates serious consequences for failure to comply. It creates many pitfalls for the unwary because its scope includes transactions...
9 January 2019
On 1 January 2019 the EU Securitisation Regulation (the "Regulation" or "Securitisation Regulation") began to apply – somewhat extraordinarily – before key elements of the regime were even close to being finished. Of the dozens of...
5 January 2018
The European Commission has published a proposal for the overhaul of the prudential regime for EU investment firms: i.e. regulated firms carrying on securities and derivatives business. This will have significant impacts on such firms' individual prudential...
11 December 2017
Pursuant to the law of 11 July 2013 amending the Civil Code (as amended by the law of 25 December 2016), Belgium has adopted a modernised framework for security over moveable assets. The date of entry into force of the law has been postponed a number of times,...
23 August 2017
虽然伦敦银行间同业拆借利率（LIBOR）作为金融市场基准利率已逾三十载，但自从英国金融服务监管局（FSA）2012年对LIBOR操纵丑闻展开调查（即“Wheatley Review”）以来，LIBOR始终面临压力。英国金融行为监管局（FCA）首席执行官Andrew Bailey最近于7月27日发表了讲话 ，预示LIBOR可能终将谢幕。市场主体需要未雨绸缪，应对LIBOR可能在2021年底后终止公布。本文将讨论这一问题的成因，并评估其对市场主体实践操作及文本层面的影响
28 July 2017
Although a bedrock of the financial markets for over 30 years, LIBOR has been under pressure ever since the Wheatley Review, and a speech by Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority on 27 July heralds its potential demise. Market...
5 July 2017
On 30 June 2017, Regulation (EU) 2017/1129, the Prospectus Regulation was published in the Official Journal of the European Union. The Prospectus Regulation will enter into force on 20 July, although only a few provisions will take effect on that date and most...
6 September 2016
This briefing paper provides an overview of the key institutions of the European Union (EU), the EU legislative process and the roles of the European Commission and the European Supervisory Authorities in the creation of the technical rules that are central to...
25 July 2016
The Alternative Investment Fund Managers Directive passport (AIFMD passport) could be extended to managers in some non-EU countries, enabling them to market and manage funds throughout the European Union. Such is the advice from ESMA to the European Parliament,...