4 marzo, 2026
Sustainable bonds: Trends and Policy Recommendations
By: Caio de Oliveira and Valentina Cociancich The recently published Sustainable Bonds: Trends and Policy Recommendations OECD report explores key issues and trends in sustainable bond markets, including green bonds and sustainability-linked bonds. It aims to inform policy discussions on investors’ goals when acquiring sustainable bonds, how these instruments may influence corporate and official […]
26 febrero, 2026
The Hidden Legal Constraints to Startup and VC Growth
Law and finance scholars have long found corporate law largely irrelevant for startups and venture capital (VC) because founders and investors often “contract around” mandatory rules. Yet this finding conflicts with persistent empirical patterns. Most VC-backed startups in the United States incorporate in Delaware – not for tax or hiring reasons, but to be governed […]
4 febrero, 2026
The Regulatory Challenges Raised by the Evolution from Open Banking to Banking-as-a-Service
In May 2024, a company in California suddenly made headlines across the financial press. Synapse Financial Technologies, once hailed as a pioneer in the next wave of financial innovation, filed for bankruptcy. The company had promised to revolutionize banking by providing ‘Banking-as-a-Service’ (BaaS): an invisible layer of technology that allowed apps to plug directly into the […]
28 enero, 2026
Strengthening the International Competitiveness of Capital Markets: Global Insights and Local Strategies
Global capital markets are undergoing profound transformation. Over the past decade, there has been a marked decline in Initial Public Offerings (IPOs) in most advanced economies, including those with highly developed capital markets such as the United Kingdom and the United States. Interestingly, during the same period, countries like Indonesia, Malaysia, Thailand, and particularly China […]
2 abril, 2025
Sustainability and Corporate Governance in Latin America
Despite the shareholder-oriented corporate governance model that, with a few exceptions, prevails in Latin America, the regulatory framework for businesses in most Latin American countries includes many stakeholder-oriented provisions. Many legal and finance scholars have rightly emphasized that Milton Friedman’s statement about the purpose of a corporation has been widely misinterpreted. As Luigi Zingales mentioned in an […]