Articles in this issue offer useful insight into some of the many changes that are impacting international finance and investment markets. New markets continue to open, such as the growing Masala bond market which could provide a significant source of international capital for Indian businesses. Major regulatory topics include the ongoing debate over the rules that should apply to the European securitisation market. We also consider the implications of the Trump administration’s proposals to reform elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. We examine the UK Financial Conduct Authority’s proposals to ban rights of first refusal. In Asia we chart the new OTC derivatives margining rules for Australia, Hong Kong, Japan and Singapore.