Banking Code of Practice review: Consumer group reaction
The Australian Banking Association (ABA) is currently undertaking the anticipated three-yearly independent review of the Banking Code of Practice (BCOP), with the consultation period having just closed.
The New World Bank Insolvency Principles: Informal Workouts and MSE Insolvency Processes as Key Pillars of Economic and Financial Stability
On 22 April 2021, the World Bank released the revised edition of its Principles for Effective Insolvency and Creditor/Debtor Regimes (‘Principles’).
Global operational resilience and COVID 19 survey
Financial institutions have to deal with two challenges in the face of the COVID-19 pandemic.
UK: The Corporate Insolvency and Governance Act 2020 (CIGA)
The UK government has recently published its draft new insolvency and restructuring procedures and measures, with the aim of supporting companies in financial distress following the COVID-19 pandemic and the resulting economic crisis, in the Corporate Insolvency and Governance Bill 2020 (Bill).
Australia: Insolvency law refresher for financial institutions
The pandemic has created significant financial and operating challenges for all Australian businesses.
UK: The new Corporate Insolvency and Governance Act: Implications for the energy and infrastructure sectors
The Corporate Insolvency and Governance Act 2020 (the “Act”) introduces a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK.
Sustainable bonds to be traded on TSX
The Toronto Stock Exchange (TSX) has unveiled its plans to trade certain sustainable bonds alongside stocks in the fourth quarter of 2020.