This first edition of The Financial Technology Law Review is published at a time when most players in the finance sector are concerned about the new developments that information technology (IT), big data and artificial intelligence (AI). Hence, it is often forgotten that the use of IT in the finance sector is not new and that many applications that would come under fintech are already quite old, at least by today’s standards.
Banking regulation is a never-ending quest to balance the three major policy objectives of financial stability, consumer protection and the needs of developed economies for reliable services involving the provision and intermediation of finance. It is safe to say that the relative importance of these factors to policymakers will never be constant.
The Transport Finance Law Review is intended to provide the industry with a guide to transport finance today, in each of the key jurisdictions globally in which aircraft, rolling stock and ships are financed.
The Initial Public Offerings Law Review seeks to introduce the reader to the global IPO regulatory environment and main stock exchanges in 19 jurisdictions, providing an overview of the IPO process, regulatory and exchange requirements and key offering considerations when taking a company public in these jurisdictions.
Consumer choice for financial products and services is proliferating across global markets. The ability to reach consumers at any time on their mobile phones, tablets or other devices has helped attract substantial capital investment in consumer financial services.
The Islamic Finance and Markets Law Review describes the manner in which Islamic, or shariah-compliant, finance is practised in various jurisdictions throughout the world. Although each country will have variations, one of the most striking features of Islamic finance as a legal discipline is that it includes core concepts and structures that cross jurisdictional boundaries.
At a macro level, the dominant trend affecting the private wealth arena in the last 12 months continues to be the impact of various supranational initiatives seeking greater transparency with respect to anti-money laundering regimes and tax information exchange. I propose to focus in this year’s introduction on the central importance of the concept of ‘beneficial ownership’ and the theme of convergence in the increasingly interconnected arenas of anti-money laundering policy and tax information exchange.
The importance of the asset management industry continues to grow. Nowhere is this truer than in the context of pensions, as the global population becomes larger, older and richer, and government initiatives to encourage independent pension provision continue.
The Acquisition and Leveraged Finance Review is intended to serve as a starting point in considering structuring and other issues in acquisition and leveraged finance, both generally but also particularly in cases where more than just an understanding of the reader’s own jurisdiction is necessary.
In this first edition of the Banking Litigation Law Review, it is striking how similar the issues are that face banks and those who advise them across various legal systems. All countries experienced the effects of the global financial crisis from 2008 onwards and these implications have been far-reaching in many ways. They have given rise to much litigation and consequently led to developments in the law.
As with the previous editions, our intention is to help general counsel, government agencies and private practice lawyers understand the conditions prevailing in the global restructuring market in 2017, with a view to the coming year, and to highlight some of the more significant legal and commercial developments and trends that have been evident in recent years, and that are expected to be significant in the future.
This third edition of The Lending and Secured Finance Review comes at a particularly uncertain time for the financial markets. Although the debt markets have been relatively resilient in the face of a series of shocks, the economic outlook remains uncertain: concerns about Brexit, the slow pace of growth in the eurozone, exchange rate movements and the competitive threat posed by deregulation in the US to the UK and European financial markets are among multiple geopolitical risk factors on the horizon.
Since the financial crisis in 2008, there has been continuous public attention on multinationals' tax position - which, for the most part, turns on their transfer pricing policy and whether this properly aligns the taxable profits in each country with the value-generating activities taking place there.