The way in which debt assets are marked to market has intensified the liquidity crunch. Far more should therefore be done to rethink the process.

Trading will continue to concentrate in the hands of the largest players.

Vikram Pandit faces one of the toughest challenges ever seen in the banking industry.

Reprise of Glass-Steagall is not a suitable response to the market’s present woes.

The strong run of emerging markets equities looks set to continue.

The US bank recovered from a similar crisis in the early 1990s. But this time around it lacks strong leadership.

Spain’s thriving cajas show the rest of Europe the way forward.

Global problems require global answers.

The sinking dollar – not ­the sub-prime fallout – is the big hurdle for India’s most buoyant sectors.

The monolines should survive this crisis, but only because the prospect of them being downgraded is an outcome too far for the battered credit market.

Africa’s banking and capital markets are showing encouraging signs of maturity.

With little to choose between the capabilities of covered bond departments, issuers are granting mandates for different reasons.

There’s a lot to be said for a monetary union for north America.

The hoarding of cash by banks is understandable but dangerous.

The US bank recovered from a similar crisis in the early 1990s. But this time around it lacks strong leadership.

Interest in emerging market high-yield debt is at an all-time high.

In March, Taiwan’s voters will go to the polls, and as ever the issue of cross-strait relations with mainland China will be key. And few groups will have more at stake than Taiwan’s banking sector.

Market participants will live to regret not getting their own houses in order.

Proposed US legislation shows that patience has snapped with the markets.

Leaving to one side the continuing debate about the causes of the credit crunch and how best to cure the dislocation in money markets, the relative inadequacies of European capital markets, especially in fixed income, are undisputed.

Liquidity facilities have come out of the shadows, and many are surprised by what they really look like.

How do you price liquidity risk?

The CEO suites of Wall Street have their first vacancy sign since the world learnt what sub-prime means.

That a third of hedge fund assets are invested in multi-strategy funds has implications for the wider market when funds need to sell off their most liquid assets.

Pfandbrief issuers were notable by their absence as the covered bond market descended into chaos.

Write-downs in the leveraged loan market can raise more questions than they answer.

Opportunities are growing for distressed debt and equity investors in the region despite record levels of private equity fundraising.

Nothing signals the end of easy money better than the troubles that have afflicted Northern Rock. The City’s former poster child is about to be taken over, either by a rival or for dismemberment by hedge funds, its reputation in tatters.

Could problems in the UK inter-bank market have been avoided?

Goldman Sachs shows that marking to market goes hand in hand with good risk management and smart position taking.