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Reports on the results of a poll conducted at the Euromoney's medium term note (EuroMTN) Conference regarding the European Union Prospectus Directive in London, England in April 2005. Percentage of borrowers that had not postponed issuing from their EuroMTN programmes; Fraction of the polled audience that took a proactive stance and sought advice from in-house counsel to handle regulatory changes; Number of audience who said that they were not informed of the directive.

This article focuses on the stock market in the European Union (EU). The stock exchanges in London England and Luxembourg, Germany have struck back in their battle with non-EU exchanges for domination of Eurobond listings once the European Union's Prospectus Directive takes effect on July 1, 2005. They have both unveiled a strategy for dealing with competition from rivals, several of which aim to attract non-EU issuers by offering a change to avoid new EU regulation. Both London and Luxembourg propose to sidestep the parts of the Prospectus Directive that are unappealing to issuers. The Swiss Exchange staked its claim for a bigger market share with a new set of rules that took effect on February 1, 2005 and listed its first Eurobond, a $125 million deal for Banco Itaú, at the end of March.

The article presents the results of a survey conducted by Grant Thornton LLP on jurisdictional arbitrage for the international property and casualty (PandC) insurance companies and the reasons behind the relocation of reinsurance on a grand scale. The survey reveals that London, England remains on the top on the scale, while the U.S. and other European Union (EU) domiciles stile struggle to reach on the top. It informs that the survey focused on the access to markets, tax, and regulation.