Foreign exchange
The rise of replication
Hedge funds
News in brief
News
Prescription vs. principles
Over the past decade, the shift of supervisory practice from prescription towards a principles-based approach has been dramatic. This was a valuable and necessary change, but it has also greatly complicated retaining qualified supervisory staff, argues…
Exchanging places
Exchanges
The Wild East
The fall of the Soviet Union and the end of its rule over the satellite states of eastern Europe came as a surprise to the industrialised nations of the West. But within a short time they had reacted: backing projects to secure Soviet nuclear technology;…
An environmental concern
Structured product providers are rushing to create environment-themed investments, with notes linked to biofuels, clean energy and the water industry emerging over the past few months. John Ferry reports
Merrill Lynch and Axa close first French property swap
Merrill Lynch and Axa Real Estate Investment Managers have executed the first French property derivatives swap.