Download this free research guide in PDF format. Contents include: Currency management in a changing landscape; A dialogue on new volatility models; Traders mourn the death of FX volatility.

The gap between the top two and their closest rivals continues to increase, according to results from our recent survey on international cash management.

Indonesia’s young finance minister has made some key decisions since her appointment, winning many friends abroad. Some tough challenges lie ahead; to meet them, Mulyani will need to win more friends at home. Chris Leahy reports.

Riad Salamé faces yet another test of his skills following the outbreak of war between Israel and Hizbullah. He has dealt with previous challenges with flying colours. There’s little to suggest it will be different this time. Sudip Roy reports.

The latest country risk poll reflects a global economy in good health, despite a period of stock market volatility and the prospect of a slowdown. But the Middle East and the high price of oil could have far-reaching implications, writes Florian Neuhof. Research by Paul Pedzinski.

It offers double-digit yields, is not correlated with the equity market and provides secure, long-term returns. Allocations of investment capital to real estate have therefore ballooned – and look set to keep on growing. Louise Bowman reports.

Euromoney congratulates those that have won this year, and challenges those that came close to make our decisions even harder in 2007.

Euromoney’s new poll shows that, according to the world’s largest issuers, Deutsche and Citigroup have the quality as well as the quantity of business to maintain their leading positions. But, as Alex Chambers reports, the results also throw up some interesting contradictions.

The most representative annual FX poll Euromoney has conducted to date examines a market in which technology shapes the present and the future, and the buy side is unwilling to break the bank when buying services. In a growing market that demands huge expenditure and promises little return, banks have to position themselves well to stay in the game. Florian Neuhof reports.

Banks’ credit research departments are readying themselves for a turn in the credit cycle towards a higher level of defaults and volatility. Florian Neuhof reports on the state of play.

Oil producers strike it rich, but long-term issues remain

The high price of oil highlights the fact that many economies are too reliant on raw materials exports, with governments creating unfavourable conditions for foreign investment through neglect or for political reasons. Florian Neuhof looks at the main drivers behind Euromoney’s latest country risk poll.

The ASEAN tigers: back with a roar?

By David F. Conroy, managing director, head of global trade sales, Citigroup and Michael Guralnick, managing director, head of EMEA client management, corporate and public sectors, Citigroup.

Raising money in global financial markets in 2005 was not always easy. But equity returns were strong and global credit survived a volatile year; it was also a notably profitable year for investment banks as M&A boomed again and the fees came rolling in.

Euromoney reports on the innovations driving the market forward, and profiles the winners of latest Islamic finance awards.

Private banks are enjoying a period of growth as financial markets improve and global wealth increases. Long-term success will lie in offering a broader range of products linked to investment banking, while ensuring the high levels of service that clients now demand. Euromoney reports on the drivers of success in its annual survey.

Citigroup and HSBC are neck and neck at the pinnacle of the cash management business, according to Euromoney's latest poll. Other firms trail far behind.

Zeti Akhtar Aziz reforms Malaysia's financial markets; Fukui achieves much by doing llittle in Japan.

Recent Real estate industry award results

Country risk index: Most countries have better access to capital than ever before and sovereign credit ratings have been on the rise for the past three years. But an increasingly tense geopolitical environment has led to marked decline in this year's country risk ratings. Research and analysis by Paul Pedzinski.

A reveiw of 13 years of country risk, region by region. Emerging markets are now established as part of the fabric of international investment. But don't be fooled into thinking that the increased flow of investment follows a decline in risk. Research and analysis by Chloe Hayward.

In just two years, Nigeria's finance minister has helped to transform foreign perceptions of her country. Her crowning achievement was the Paris Club deal, but her reforms have much greater implications for Nigeria's economic future.

These benchmark awards highlight high-quality products and services across all areas of commercial and investment banking, regionally and globally.

The sector is consolidating fast. And while major banks focus on securing a place in the top tier, smaller firms are left to contemplate a choice between white labelling and finding a profitable niche market.

Modular rather than maintenance seems to be the new buzzword as the key to success in a rapidly changing environment for credit research. But every investment bank seems to have a different view about the implications for analysts. To publish or not to publish? Cross asset or sectoral? Client facing or in house? Whatever the decision, only the best analysts will survive.

Country risk index: The latest Euromoney country risk survey reflects a slight downgrade in the assessment of overall risk levels despite sovereign upgrades from rating agencies.

Innovation on the part of issuers and their bankers along with robust risk appetite from investors shaped the capital markets in 2004.

Islamic finance has made striking advances in the past year in its prime market of Muslim individuals, sovereigns and institutions, and among non-Muslim issuers and consumers attracted to Shariah-compliant products.

return to UBS tops private banking poll

Euromoney's annual cash management poll shows surprising results. A familiar group of leading banks continues to slug it out for market share leadership but the names customers rate most highly in qualitative rankings are often not those that lead the quantitative league tables.