This Part of the Journal of Banking and Finance Law and Practice includes the following articles: “The long-run efficiency gains in public-to-private transfers – new evidence from earnings announcements” – Paul Docherty and Steve Easton; “Twin peaks – the legal and regulatory anatomy of Australia’s system of financial regulation” – Andrew Godwin and Ian Ramsay; “Debt for equity swaps and corporate restructuring under s 444GA of the Corporations Act” – Ryan J Turner; and “Surcharging for payment: Payment systems regulation and the constitution of a new economic norm” – Ann Wardrop.
Also in this Part are the following sections: Securities and Mortgages; Wealth Management; Recent Publications; United Kingdom and Europe; as well as a Forum piece by Alan O’Sullivan, which provides a practitioner’s market-based perspective to complement the article by Docherty and Easton in this Part.
By David Perkis. Derivatives markets have attracted considerable attention recently, in the context of both the global financial crisis and equity derivative use in merger and acquisition activity. Yet limited consideration, especially in Australia, has been afforded to how the use of credit derivatives by lenders may affect the ability of a distressed borrower to restructure its debt.