Komansky makes O’Neal his heir

David Komansky doesn’t step down as Merrill Lynch’s CEO until 2004 but he has recognized that his most important remaining task is to engineer a smooth succession.

Going digital: the new way to hedge risk

Although many industrial companies remain stubbornly unwilling to measure, let alone hedge, their trade credit exposures, there is no shortage of people looking to help them trade away their credit risk.

Bankers balk at Basel II

The latest round of bank capital proposals from the Basel Committee offers few incentives to banks to introduce more sophisticated risk rating methods while rasing concerns over increases in regulatory capital.

Europe's leading fund managers

InterSec Research, the international investment management consultant, has produced the first top-50 table of asset managers ranked by European-sourced business.

Playing in the sandbox

With its growing presence in investor portfolios, credit’s importance as an asset class increases daily.

Loan trading gathers pace

Secondary loan trading has traditionally been seen as rather a dirty business by European financial institutions.

Epoch-breaking events

Goldman Sachs has acquired useful data-mining technology and a potentially lucrative distribution agreement with online retail brokers TD Waterhouse and Charles Schwab.