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  • Europe faces fundamental change. This survey looks at some of the uncertainties. Will the single currency collapse? How will Europe's central bank work? And can bureaucrats bridge the gap between rich and poor countries? Introduction by Nigel Dudley
  • Although the law on what a lead manager can and cannot say about the success of a bond issue is reasonably settled, it still causes banks and, in particular, their compliance officers, difficulties in practice. By Christopher Stoakes
  • Edited by Peter Lee
  • Edited by Steven Irvine
  • The Bankers' Club, 7 Lothbury, London EC2
  • Every time a scandal hits the international financial markets, politicians and the press scream for tighter regulation.
  • ...when it's perfectly transparent, but not very liquid. The rise of electronic trading systems in the forex market has had some unexpected consequences.
  • When in Rome, don't count your chickens Komarovsky and Ingersoll go surfing and rediscover the lost art of global whingeing JJ Ingersoll, our head of global focus, is talking incessantly about technology because he says "that's where the kids are at". I don't look convinced, so he double-clicks on his mouse, and tells me to watch this. A whole series of windows peel like bananas before my eyes.
  • The London Metal Exchange, the world's top copper exchange, rode out the drama of Yasuo Hamanaka and Sumitomo's losses. But is it crying out for reform, and is it an efficient means of price discovery? Christopher Spink reports
  • Liechtenstein's ruler, Prince Hans-Adam, was so sure of the benefits of closer economic ties with the rest of western Europe that he threatened to abdicate if his subjects rejected EEA membership. The principality's bankers and lawyers are more sceptical. Their concern is that limited changes to secrecy laws may deter the high-net-world