Global Financial Markets Insight - Issue 8, Q4 2015

Finance and Markets Global Insight Series

Finance Update

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In this issue we also look at some of the practical issues impacting financing practices in a variety of European and emerging markets. This includes looking at new legislation to open up markets such as the covered bond market in Poland and issues to consider when relying on English law guarantees in Ukraine. In the derivatives sector we look at the impact on swap practice in Italy of the court decision in Dexia Crediop v Commune di Prato and we continue our review of the impact of new regulation looking at the Resolution Stay Protocol in Germany and, in relation to EMIR, by looking at the implications for certain types of swap counterparty.

It is also a pleasure to introduce Europe’s newest stock exchange setting up in Gibraltar and look at some of the possible products that the exchange is looking to list as it builds up a presence in the European markets.

Highlights

  • Securitisation Regulation 
    Proposal for a regulation on simple, transparent and standardised securitisation
  • EMIR Developments
    Recent developments and considerations for pension scheme trustees
  • Amended Covered Bonds Regulation in Poland
    Amended legislation to open up markets in Poland
  • Ukrainian Capital Markets Transactions
    Characteristics of guarantees in Ukraine, and the pitfalls to be aware of

If you have any queries about this publication, please do not hesitate to get in touch with Martin Bartlam, Head of Financial Markets.

Read Issue 8 of Global Financial Markets Insight