Olympus accounting scandal: lessons learnt and questions raised
WEBNov 25, 2011 · The accounting scandal engulfing Japanese camera and medical equipment maker, Olympus, has thrown into question the country’s readiness for foreign involvement. But IFLR’s discovery of a 20-year old call to action on the same compliance issues, as raised by this scandal, rubbishes the notion it will prompt any significant regulatory reform.
PRIMER: G-sibs and Sifis - IFLR
WEBFeb 2, 2018 · Global systemically important banks (G-sibs) were initially identified by the Financial Stability Board (FSB) in 2011 following the financial crisis three years previously. The 29 institutions initially designated as G-Sibs were subject to additional capital requirements because they were deemed too big to fail (TBTF), as set out in the Basel ...
From the NFRD to the CSRD: long story short - IFLR
WEBJan 4, 2022 · The Non-Financial Reporting Directive (NFRD) had two main purposes: make available non-financial information to stakeholders and investors to determine the companies' value creation and risks, and encourage society to take responsibility for social and environmental concerns. Companies are required by the directive to …
Korea to relax institutional investor regulations - IFLR
WEBMay 29, 2011 · Korea’s financial regulator has confirmed that it is widening the scope of businesses able to access the country’s capital markets. Financial Services Commission (FSC) spokesperson, Ernst Lee told IFLR the regulator was drafting revisions to …
Dell LBO analysed - IFLR
WEBSep 25, 2013 · Dell LBO analysed. Zoe Thomas. September 25, 2013. The $24.9 billion leverage buyout of the US IT company by its founder Michael Dell and Silver Lake Management, completed in September following months of negotiations. The deal helped highlight issues relating to ‘empty voting’.
Chapter 4: Free writing prospectuses and road shows | IFLR
WEBMar 1, 2007 · Practice point. Certain road shows (such as pre-recorded road shows) will be considered free writing prospectuses. Bear in mind that Rule 433 limits the content of legends on free writing prospectuses, and prohibits disclaimers that are commonly inserted in many road show slides today.
PRIMER: the Volcker Rule – covered funds - IFLR
WEBJul 24, 2020 · A covered fund under the Volcker Rule is an entity that (i) relies on section 3 (c) (1) or 3 (c) (7) of the Investment Company Act; (ii) is a commodity pool whose operator relies on CFTC Rule 4.7 (and certain similar pools); or (iii) a foreign fund that either relies on section 3 (c) (1) or 3 (c) (7) with respect to US investors or satisfies ...
PRIMER: the JOBS Act - IFLR
WEBFeb 21, 2020 · Enacted into law by President Obama on April 5 2012, the Jumpstart Our Business Startups (JOBS) Act is US legislation that instructs the Securities and Exchange Commission (SEC) to assist small businesses with capital formation. Primarily the act was intended to make it easier for companies to go public, by …
Diversity and inclusion - IFLR
WEBJul 16, 2024 · Championing equality: 'Allies play critical role in supporting inclusion'. Jordan Schwartz, counsel at Skadden and winner of the LGBTQ+ Advocacy Leader of the Year at the Social Impact Americas Awards 2024, reflects on his journey in championing for the LGBTQ+ community. Shailyn Tirado, July 16, 2024.
PRIMER: HKEX’s new ESG disclosure rules - IFLR
WEBFeb 7, 2020 · Under HKEX’s new mandatory disclosure requirements, which will be effective July 1 2020, companies will need to provide: a board statement setting out its consideration of ESG matters, disclosure of significant climate-related issues which have impacted and may impact the issuer, disclosure obligation to …