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Foreign exchange

Group of 26 grinds to a halt

The proposals from the Group of 26 fund managers calling for improved covenants were supposed to herald a new era of protection for bondholders. But nearly two years later, the impetus for change seems to have stalled. Laurence Neville reports

Keep it simple, stupid

Do you prefer sophistication or simplicity? Neil Palmer takes a look at optimisation methods in energy modelling and asks if energy quants aren’t sometimes being a little too heavy-handed

Francois-Xavier Saint Macary

It can’t be easy hauling a whole commodities division overseas, but SG CIB veteran Francois-Xavier Saint Macary has big ambitions. By Oliver Holtaway

European ABS: Will it end in tiers?

As part of a special focus on asset-backed securities, we take a look at the European ABS market. After a prolonged period of spread compression, credit tiering may be making a return to the market, as Alan McNee reports

Struggling for growth

All three Canadian energy exchanges – NGX, Watt-Ex and NetThruPut – are finding it slow-going with their expansion plans. Meanwhile the rivalry between NGX and Watt-Ex is growing. Joe Marsh reports

Storage strategies

Companies are increasingly realising they can use natural gas storage to add value to their bottom line. TransCanada’s Farzan Nathoo weighs up the strategies available for optimising value through storage

Icap prepares for money broker JV in China

Interdealer broker Icap aims to be the first foreign company to enter the Chinese money broking sector, after Chinese regulators said they would relax rules previously banning the practice.

Can research reinvent itself?

The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors

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