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Falling for corporates

For some, life after a career in finance means the priesthood or opending a restaurant. But Anthony Hotson left Warburg Dillon Read last month to study old stones.

Controversial rules designed to monitor and control borrowing by private and public-sector companies are being finalized by Egypt's ministry of economy. Senior government officials say the measures will prevent the economy from becoming vulnerable to an Asia-style collapse. If they aren't blocked by another government department, the new regulations, the Sphinx Protocol, should be published in coming weeks. The ministry of economy's plan would create a database of all current and potential bond issuers. Advance details of issues would be required, including the volume, maturity, coupon, currency and market of issuance. The reporting system will also be used to control the quality and quantity of borrowings.

Last National Bank of Boot Hill, London, EC2

Sharp-end derivatives players in the US are addressing the difficulties of transition to the euro, but the average end-user is still dreaming. Isda is pushing its Emu protocol, with mixed results. Michelle Celarier reports.

What will be the swap dealing conventions after the introduction of the euro? A recent survey gauged the expectations of market players. Antoine Kohler reports on the results.

Times may be tough in emerging markets but strong banks are doing more than just surviving. Experienced in dealing with volatility, many banks are both withstanding the shocks and positioning themselves for the next upturn. By Brian Caplen.

Could it be that Chase is not as solid as we had all been led to believe? The US bank has been eyeing acquisitions recently, leading everyone to assume that it is in rude financial health. But events at last month's five-kilometre run, the Chase Corporate Challenge at Battersea Park in London, suggested otherwise.

Issuer: Orange

A dramatic rebalancing of portfolios will make euroland a region without currency risk and will precipitate huge cross-border flows. But how will that rebalancing be done and by how much? It's all about sectors, correlation and liquidity. Peter Lee reports.

A last-minute deal commits Europe to bailing out former French colonies; Jacques Chirac rails against speculators; a loophole in the Maastricht treaty allows Europe to impose exchange controls to protect itself from international capital flows. Coincidence? Bernard Connolly doesn't think so.