Expected default rates soar in US

KMV designed its expected default rate charts as a way to make first banks, and now investors, better able to monitor credit risk and trade bonds.

No simple solution

Faced with rising technology costs and regulatory change, fund managers are seeking to transfer more processes to their global custodians.

After the storm

After a nightmare decade of war, sanctions, mismanagement and institutionalized criminality, Serbs are hoping for a speedy deliverance from a mounting economic crisis.

Water takes on a new liquidity

When Glas Cymru won approval from Ofwat to restructure Welsh Water, it introduced a new model for privatized UK utilities that does away with conventional shareholders.

Changing the guard in London

After the initial shock following the announcement in March that both Carol Galley and Stephen Zimmerman were to retire this year, it turns out that very little has changed.

Arab banks begin to modernize

More and more Arab banks accept that they must embrace the internet or risk losing share in their home markets to more technology-savvy international players.

NYPD parks tickets in Baroda

On a trip to Baroda, a dusty, remote town in western India, a senior executive from a multinational in Mumbai was astonished to find a small IT company that processes parking tickets for the New York Police Department.

The A-team at SG Asset Management goes to work

Despite having left their previous jobs under controversial circumstances and with no performance track record to call their own, Nicola Horlick, Keith Percy and John Richards have turned SocGen Asset Management into a force in UK fund management in just three years.

City’s most famous woman says: “I’m boring”

The most famous face in fund management in the City talks about the fruitless efforts by tabloid newspapers to dig up details of her private life in the wake of her departure from Morgan Grenfell four years ago.

Skills shortage prompts innovation

The strategic resource that Indian IT companies rely on to grow at the recent cracking rate of 50% a year is the country’s pool of 340,000 technical professionals.