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New rights for employees
A number of new employment laws came into force in April 2024 to provide greater flexibility for employees, including enhanced flexible working rights and new leave entitlements.
Publication | July 13, 2016
The Basel Committee of the Bank for International Settlements (Basel Committee) sets international capital standards but those standards must be adopted by individual countries to have any legal effect. As a result, the standards are only as good as enacted in each individual country. Actions taken after the recent economic crisis to strengthen the global financial system included adoption of an enhanced capital surcharge, called the higher loss absorbency (HLA) requirement, imposed on the banking organizations designated as the world’s global systemically important banks (G-SIBs).
A Basel Committee assessment team recently evaluated the HLA requirement in the jurisdictions in which the current G-SIBs are headquartered: United States, China, European Union, Japan and Switzerland. In some cases, these countries have gone beyond the standards to be even more protective of their financial stability. This month’s column will discuss how each of these countries, and in particular the United States, measures up to the international standards.
Download the full article: Measuring up to international capital standards
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A number of new employment laws came into force in April 2024 to provide greater flexibility for employees, including enhanced flexible working rights and new leave entitlements.
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We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
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After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
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