The first Asian-focused book on the legal and regulatory issues specific to derivatives and structured products, this book looks at the issues surrounding the recent financial and Minibonds crisis in Hong Kong, the reforms made to the retail structured products market and examines whether these reforms will indeed have the desired effect. With global attention turning to how derivatives can best be regulated, this book also examines global regulatory trends and how these may be played out in Hong Kong.
The book concentrates on the core legal issues in this area, including capacity and authority, insolvency (termination and close-out netting) and taking security, as well as licensing and marketing. These are also of significant relevance across numerous other commercial and financial services practices.
The book also looks at specific products such as FX transactions, equity derivatives, credit derivatives and commodity derivatives. In particular, there is a focus on the many complex issues that may arise in the equity derivatives sphere including in relation to corporate derivatives and market access products.
With Hong Kong law as its primary focus, this book also looks at issues and practices across the Asia Pacific region, including the regional aspects of equity, credit and other derivative products as well as the regional impact of the Asian financial crisis and the Peregrine insolvency.
An extremely timely and comprehensive book that provides a critical overview of the many issues faced by practitioners in derivatives and structured products in the Asia-Pacific Region.