PRDC notes back in fashion

The new, post-financial crisis version of power reverse dual currency notes lacks the leverage of the pre-crisis version, but risks still remain in the form of managing cross-gamma, demonstrating how investor risk appetite across Asia is returning

Fashion cycles have a precise duration – 15 years, according Franca Sozzani, the veteran editor of Vogue Italia. It's the period of time that fits between when people first become interested in what the latest look is and when they are too old to care. So if you want to get a taste of what will be on the catwalk at Milan Fashion Week this September all you need to do is look at the photos from the 1999 event.

It's somewhat surprising to realise that those working in the finance industry appear