Emu: Jeux sans frontières

If the EU's single currency begins on schedule in 1999, further breaking down national boundaries, France's capital markets will be a major contender for a central role, squaring up to Germany in the fight for benchmark status.

EBRD: European Bank for Rip-off Deals?

Has the European Bank for Reconstruction & Development outgrown its usefulness in Hungary, Poland and the Czech Republic? Some financiers believe the EBRD should concentrate on less-advanced countries with less developed capital markets.

Just another game of Asshole's Roulette

Even the hardened souls on Intergalactic's trading floor gasp as JJ swings his wad onto the desk, challenging Ace Iceberg to one of the toughest plays on this planet.

Overvalued derivatives: Smile and dial

Banks putting the wrong value on out-of-the-money options isn't a new phenomenon, but today's fat bonuses and fiercely competitive markets lead us into temptation, says David Clark.

Business travel poll 1997: Prestige counts for little

Ideal location or in-room modems, seat size or frequent-flier programmes: what do business travellers value highest in their trips around the world? Garry Marchant pins down the priorities of some top businessmen and asks which hotels and airlines measure up best to their demands.

Naughty Germans

At least two years after the UK and most other good European states, Germany may finally implement two EU directives that are vital to safer, fairer and more harmonious European finance.