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  • Degrees of complianceThe recent spate of scandals involving rogue traders has thrown the spotlight onto the compliance officer. By Christopher Stoakes
  • The accounting standards still used by most Russian banks are a hangover from the old Soviet system, revealing little about their health and bandaging up their infirmities. International investors want international standards. Banks and regulators are responding but full reform will take years. Antony Currie reports
  • by David Roche
  • Hillboot Strictly Private Banking, Moorgate, London EC2 (Representative offices in Grand Cayman, Lugano, St Petersburg, Vatican City)
  • Executive director and head of European bond credit research, UBS
  • From lactation rooms to the high seas, with a lot of music in between.
  • The international houses can no longer claim to have a monopoly ofinvestment banking in emerging markets. But if you do decide to go native, whichinstitutions can you trust? We asked those in the know who they like to deal withwhen a foreign bank just won't do. James Gordon-MacIntosh reports
  • Philippines Brady exchange: No expense spared by JP Morgan on Brady. Steven Irvine
  • Edited by Brian Caplen
  • Self-taught M&A expert Rakesh Saxena teed off a glittering career on Bangkok's exclusive Navatanee golf course. But he eventually helped drive Bangkok Bank of Commerce into the rough with a bunch of allegedly dubious deals. Five of Saxena's Thai associates are due to be tried for embezzlement and the Bank of Thailand is now trying to rescue BBC. Saxena made it away to Vancouver, where he awaits extradition proceedings. Meanwhile, he protests his innocence and hones his golf skills. Gill Maitland reports
  • UK merchant bank Robert Fleming is in dire need of a good performance in 1996. It's unlikely to get one. With thousands of new employees hired in a bid to extend the global network, revenues have not grown fast enough to cover costs. Shareholders are restless. Charles Olivier reports
  • Within the past year two of the most respected investment banking boutiques have been sold ­ Gleacher to NatWest and Wolfensohn to Bankers Trust. Do those deals mark the beginning of a trend and, if so, which targets are left? Stephen Neish talks to the main players