Legal & regulatory

10 January 2015
In the European loan markets, it is increasingly common for lenders to require their borrowers (and other "Obligors") to provide sanctions-related representations and undertakings (...
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7 January 2015
Price-fixing penalties levied by state authorities on cartels were at the highest recorded amount, topping US$5.3bn in 2014, said law firm Allen & Overy (A&O) in its global anti-trust...
19 December 2014
Europe’s implementation of Basel III in the form of CRDIV is incomplete, according to the Bank of International Settlements. A statement on the BIS website published in December 2014...
15 December 2014
Further to TFR’s interview with Asian Development Bank’s Steven Beck about FATF derisking guidance and the need for the banking sector to support SWIFT’s KYC Registry, the KYC...
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12 December 2014
Demand guarantees are a well-established credit support instrument in the commercial world. Often used in trade finance transactions, they can be used in a broad range of scenarios, assisted in...
11 December 2014
Clyde and Co recently published the results of a survey in which a majority of the 170 respondents polled, believed that commodity benchmarks were open to manipulation. The survey tried to decipher...
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10 December 2014
In a significant victory for bilateral trade agreements, a WTO Appellate body has found the US guilty of imposing countervailing measures against Indian steel products even as Asian countries...
28 November 2014
Further to TFR’s story, ‘WTO trade facilitation impasse enters consultation process’ WTO director general Roberto Azevêdo (pictured) has secured agreement from its 160...
Technology Update
28 November 2014
According to the IMO (International Maritime Organisation), 90% of all world trade by volume and 70% by value transported by sea, making the maritime sector a backbone of international trade and a...
27 November 2014
The Financial Action Task Force (FATF) has agreed to gather further evidence and analysis on the drivers and scale of de-risking. It has published some new guidance for banks as part of an...
20 November 2014
Billed as a unique report that provides a global view of an institution’s correspondent banking activities, SWIFT has announced the development of the SWIFT Profile, which banks can share at...
fifty-four varieties
17 November 2014
Simon Cook sets out the different legal regimes in the African continent and explains the issues for financiers around taking security
12 November 2014
The eventual rollout of EMIR in early 2014 caught some commodities companies unawares and it is advisable to begin preparing for MiFID II readiness now, says James Brown
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30 October 2014
Rosneft, Russia’s state oil company and Arkady Rotenberg, a friend of President Vladimir Putin, have both launched legal challenges to the EU sanctions imposed as a result of Russia’s...
28 October 2014
The UK Court of Appeal has overturned the High Court judgment of 27 March 2014 which ruled that the London Metal Exchange’s (LME) original consultation and subsequent proposed rule change on...
21 October 2014
Clare Rickard Palmer finds that the WTO rulings on US trade disputes with India and China raise uncomfortable questions about trade and protectionism
1 October 2014
When BNP Paribas was censored to the tune of US$8.97bn for financial crimes including a breach of US sanctions for helping the then-ruling Sudanese military junta sell oil, the sheer size of the...
25 September 2014
In a speech to the UNCTAD Trade and Development Board on 22 September 2014, WTO Director-General Roberto Azevêdo (pictured) has said that the Bali package that delivered big gains for WTO members "is...
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