Foreign exchange
Hanging in the balance
Cover story
Editor's letter
Editorial
Defending pensions
Profile
South Africa - Giving clarity
Hedge funds
A liability defined
Pension indexes
South Africa - Who's dropping the carry trade?
Foreign Exchange
In for the duration
Liability-driven investment
South Africa - Looking to new heights
Inflation
A dangerous precedent
European power market participants are up in arms over a draft law in Germany which, if passed, could devastate liquidity both in Germany and beyond by allowing the German Cartel Office to force some suppliers to price their power on a cost basis. Oliver…
Jeffrey Sprecher
IntercontinentalExchange's JEFFREY SPRECHER talks to Roderick Bruce about the inspirations and motivations that have driven him to the top of the energy trading business
Powering debate
Concerns about energy supply security and climate change are causing a nuclear power renaissance in Europe. However, despite changing attitudes, the regulatory, political and financial barriers to nuclear new-build remain significant, finds Roderick Bruce
Staging a comeback
A change in public perception, energy supply concerns and green issues are all driving a nuclear power revival in the US. Technological advances, financial incentives and licence standardisation look set to smooth the process of new build, finds Neil O…
When M&As fail
US M&A activity plummeted in 2006, leading to fears that much-needed – but capital-intensive – infrastructure plans could be put on hold. Merging with infrastructure funds instead of private equity may be an easier way for utilities to jump some…
Meeting the pace of change
Energy trading is advancing so quickly it's sometimes difficult for software to keep pace. Energy Risk's software survey reveals almost half of respondents changed systems in 2006. David Watkins reports
The IFRS conundrum
Firms with a public listing in the EU need to adhere to complex accounting standards on financial instruments. Michiel Mannaerts and Pieter Veuger look at the latest implications for energy companies
Designing a market
With Canada likely to embark on an emissions-trading scheme this year, Oliver Holtaway looks at the various forms it could take
Spreading opportunities
Volatile European gasoil and US heating oil prices mean traders must follow inventory and temperature forecasts carefully to stay on the right side of moves in outright and spread values, writes Logical Information Machine's energy analyst Daven Voorhies
Gearing up for ever higher leverage
Rising leverage in the global system coupled with fears for the accuracy of credit risk pricing dominated discussion at the World Economic Forum in Davos this year. But not everyone is downbeat, as Matthew Attwood finds out
The Big Interview: LMA
Should high-yield issuers publicly disclose details of their loan agreements? Nikki Marmery talks to the LMA about this thorny issue
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Juan-Carlos Martorell, director in structured credit marketing at ABN Amro in London explains the mechanics of CPDOs
Middle East property boom boosts Islamic bonds
The growth in real estate development across parts of the Middle East is giving rise to a number of Islamic bonds securitising these assets - and foreign investors can't get enough of them
Q: What do the distressed debt market and the Japanese puffer-fish have in common? A: They're both irresistible - but highly toxic
Distressed debt investors gearing up for a bumper year should take note of the name of Babson's new credit fund, Fugu, after the deadly Japanese puffer-fish - a prized delicacy that can be lethal if not prepared correctly. Philip Moore reports on the new…
