News analysis on the regulatory effects on disclosures, terms, covenants, redemption and subordination. Whether it’s how product manufacturers are keeping their Priips KIDs under three pages or how bail-in clauses are changing as a result of new capital rules, it’s all here.

Libor reform: banks lobby for consistency in fallbacks

Dec 12, 2018

Differences in approach between working groups in the US and UK are set to be a headache for multicurrency debt programmes. Banks are working with industry groups to prevent a patchwork of fallbacks from developing

Brexit: France fails to woo banks

Nov 29, 2018

London-based financial institutions are rebuffing the French government’s attempts to persuade them to relocate to Paris. This has led to the government accelerating its no-deal Brexit contract continuity precautions

Libor: banks don’t want to be calculation agents

Nov 28, 2018

Despite public opinion – or because of it – major investment banks say they would rather not be tasked with choosing the new rate for legacy contracts

Priips: investment firms lay off advisors over failures

Nov 15, 2018

Almost a year after implementation, sources are still having “shocking” conversations on the regulation, particularly in the US. Many are having to start from scratch after recognising they have not been compliant

Libor fallbacks not yet referencing new rates

Nov 14, 2018

Regulators are becoming increasingly frustrated as banks and issuers argue that there's still too much uncertainty. Some even still believe the controversial benchmark isn't going anywhere fast

Initial margin: phase four firms face Brexit battle

Nov 7, 2018

In-house teams are wondering if there are enough lawyers in the world to help them juggle the two projects at the same time. Unknowns surrounding the final deal, relocation strategies and ratings don't help

How Amsterdam is luring trading venues post-Brexit

Oct 18, 2018

Trading venues explain why the Netherlands is emerging as a winner in the market infrastructure space, though the EU as a whole risks losing significant business to the US in the process

Initial margin: valuation process will create disputes

Oct 16, 2018

Phase five firms are concerned the process of producing figures will lead to conflict. Others are keeping implementation projects on ice in the hope that BCBS-Iosco will bend to their lobbying