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 draft needed “major surgery”. The UK’s main regulator – the Financial Services Authority (FSA) – made its (many) concerns clear in a […]
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.
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
In late February, the European private equity industry was given an opportunity to present its views to the European Union on the regulatory framework which should apply to it in the future. In front of
The Chapter 11 filing of Lehman Brothers has caused companies around the world to re-assess their exposure (particularly counterparty risk) to other potentially troubled financial institutions.
The gloomy economic situation not only urges the furthering of China’s industrial upgrading and restructuring, but also the advancement of its banking industry. On January 20, 2009, the China Development Bank signed a contract for an
On 21 December 2007, Law 47/2007 amending the Spanish Securities Market Law (LMV) implementing the Directive on Markets in Financial Instruments 2004/39/EC (MiFID) came into force.
With the paralysis of the debt markets and uncertainty about how long and deep the economic downturn will be, and with the certainty that all these factors will likely affect business performance, some experts question
