Mozambique has recently undertaken a complete overhaul of its exchange control regime with the objective of promoting the free movement of goods, capital, services, and people.Last year it enacted a new Foreign Exchange Law intended to reinforce the liberalisation of existing operations by eliminating the constraints applicable to payment transfers between residents and non-residents.The new…...
The Argentine National Congress is currently analysing three important amendments to the Law on Financial Entities. The most important features may redefine the character of public service or interest that is attributed to financial activities....
November 10 saw the European Parliament formally approve the Alternative Investment Fund Managers Directive (AIFMD). This is a complex body of legislation that will clearly need further analysis and development, but the immediate consequence is that,
Spain’s recently enacted Royal Decree-Law 11/2010 has been reported to be the most significant provision in Spanish banking law for many years. It is indeed so. It may help foster the most significant evolution in
The economic situation and the effects of the world crisis on financial institutions have given rise to and fostered numerous initiatives of various natures and types in Spain.... This content is for members only.Login
In the UK, the campaign against the current draft of the European Commission’s Alternative Investment Fund Managers Directive has gained considerable momentum. Recently, Lord Myners, the British Government’s ‘City Minister’, said that the
The last two years have been an uncertain time for the private equity market in Spain (uncertainty which, unfortunately, is expected to continue during 2010). The country has, as a consequence of the socalled global credit
Soundly regulated and safe financial institutions are crucial for financial stability in the European Union (EU), and must have as their foundation a common framework ensuring prudential oversight and consumer protection throughout the internal market....
In light of the recent economic events that have shaken the global economic system, the corporate world is seeking ways to cut costs and avoid insolvency with many companies inevitably looking to restructure.... This content
Following the international financial crisis and consequent breach of investors’ confidence and the increasing difficulties in liquidity raising by Portuguese credit institutions (CIs), particularly in the second half of 2008, the Portuguese State reacted with the
