The European Banking Authority has published a Recommendation, relating to banks’ recapitalization needs as part of a broader European package agreed by the European Council in October 2011 to address the current situation in the EU by restoring stability and confidence in financial markets.

The House of Commons’ Treasury Select Committee has published a memorandum of advice by Bill Knight and Sir David Walker, as specialist advisers to the Treasury Select Committee, on the Financial Services Authority's report on the Failure of the Royal Bank of Scotland.

The European Commission has now published a legislative proposal in the form of a draft Regulation which is intended to make life easier for venture capitalists to raise funds across Europe for the benefit of start-ups.

The European Securities and Markets Authority has issued a warning alerting retail investors to the main risks involved in forex trading. It also warns investors against dealing with unauthorised firms offering forex investments.

The European Systemic Risk Board recommendation provides that Member States should designate a competent authority in national legislation to conduct macro-prudential policy whose objective is to safeguard the stability of the financial system.

The Financial Action Task Force has published an update following its plenary meeting in Paris on 27-28 October 2011 relating to strategic anti-money laundering and combating the financing of terrorism.

The practice alert focuses on risks of misstatement due to fraud that auditors might encounter in audits of companies with operations in emerging markets, auditors’ responsibilities for addressing those risks, and certain other auditor responsibilities under PCAOB auditing standards.

Hong Kong Exchanges and Clearing Limited has released a consultation paper on a proposed Environmental, Social and Governance Reporting Guide.

On September 13, 2011, the Federal Deposit Insurance Corporation approved a final rule implementing Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 which requires large and systemically important financial institutions to develop and maintain resolution plans, of

The Monetary Authority of Singapore has issued the revised Code on Collective Investment Schemes, together with its response to public feedback received from its public consultation on proposed amendments to the Code released in May 2010.