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Opinion

Banks and hedge funds – a case of trading places

George Soros may be more interested these days in his charities, geopoliticsand philosophy, than he is in finance. But, like an old sailor, the talent ofsmelling which way the wind is blowing has yet to completely aban- don him.

How to run a market

Former-derivatives-trader-turned-author Frank Partnoy wants to see tougher accounting standards and risk disclosures to deter corporate crooks. But are the regulators listening? Maria Kielmas reports

US pipelines follow the market

Todd Shipman of credit rating firm Standard & Poor’s finds that pipeline companies in the US will face more market risk than regulatory risk in the coming year

A new look at credit risk capital

In the second of two articles on Standard & Poor’s refinement of analytical methodology, John Kennedy discusses an updated approach to evaluating credit risk capital

FAS 133: increasing transparency

Standard & Poor’s Jack Kennedy and Neri Bukspan believe new Financial Accounting Standards Board rules for US energy traders will make it easier to measure a firm’s risk management ability, liquidity position and equity capital

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