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Infrastructure

Riding the storm

Germany's national carrier, Lufthansa, was hit hard by the September 11 terrorist attacks. The airline's chief risk officer talks to Gareth Gore about how the shock event brought about sweeping changes to its liquidity risk management

In the shadows

Booming over-the-counter derivatives markets may be generating huge revenues for dealers, but they are also casting a worrying shadow over trading book profits in the form of counterparty credit risk. Are contingent credit default swaps the answer?

New world order

Eurex announced in April it will acquire the International Securities Exchange for approximately $2.8 billion. This follows the finalisation of the merger between NYSE Group and Euronext in April. How are regulators responding to the cross-border…

S&P backs microfinance CDOs

Standard and Poor’s, which rated the first full capital structure collateralised debt obligation based on microfinance loans in May this year, has released a preliminary ratings framework for microfinance institutions (MFI).

Cicada strengthens Mifid software

Cicada, a technology company, has updated its Composer software so that it will demonstrate best execution on client transactions, once the Markets in Financial Instruments Directive (Mifid) is introduced in November.

Perry for Prytania

Malcolm Perry has been appointed chief executive office of Prytania Holdings, the structured finance funds management and software specialist, Perry will be an executive director on the Committee of Prytania Holdings, head of the Executive Committee and…

Geithner provides policy advice for Asia

Asia needs to build stronger institutions, in particular central banks that have institutionalised independence from governments, said Timothy Geithner, president and chief executive of the Federal Reserve Bank of New York.

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