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  • The recent equity collapse may well mark the end of the bear market. But I doubt it. Sure, there is a strong equity rally from oversold levels out there somewhere. And improving corporate and macro news will at some point drive it. But there are powerful opposing forces. Wealth destruction in equity markets, a plummeting dollar and rising risk aversion in debt capital markets will damage the global economy.
  • CBOT, which bars futures block trading, remains its strongest opponent – most recently complaining about a rival’s reporting-time rules. Is this an objection to deals that make the market less transparent or a backstop defence of CBOT’s pit traders? And can it hold out against a strategy widely regarded as vital to modern markets?
  • Philippines
  • In the face of the most volatile markets in many people’s working lives, investors in the west are looking for safe havens away from New York and London. Is Asia the answer? Some market players think so. “There is something very special about Asia,” says one. Others label the region a perennial basket case. Who’s right?
  • Shareholders of Norwegian insurer Storebrand are disenchanted with DnB after it dumped the company at the altar. Did management lose its nerve as the merger loomed or is there more to it?
  • India
  • Scourge of the establishment Ian Hislop kept the audience under control at this years Euromoney awards dinner.
  • There's no shortage of clichés about Rome. Mention its name and several phrases will spring to mind: "when in Rome ... la dolce vita ... the Eternal City ... lunatic driving". It's good to see at first hand that a lot of them are soundly based on fact.
  • European exchanges
  • Until the market debacles of the past couple of years investment banks had grown used to new doors to profit opening as old ones closed. That's no longer the case and in the absence of anything better proprietary trading seems to be back in vogue.
  • Andrew Clark of PricewaterhouseCoopers assesses the different levels of implementation of anti-money-laundering measures needed by financial institutions to keep up with the flood of regulations from national and international authorities.