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January 2002

Main

Cover Story

Insurance's catastrophic year impels it onto banks' terrain

Insurers heavily exposed as Enron unwinds

Regulators focus on risk transfer and capital arbitrage as convergence accelerates

Bermuda: the new standard setter?

Poll of Polls

Poll of polls 2001: Deutsche Bank and Citigroup on top

Asia Pacific

Banks downsize, centralize and head for China

Debt markets

Investors turn cool on the rating game

Austria

Profit-hungry Austrian banks consolidate and look east

Central & Eastern Europe

Eastern Europeans reflect on EU entry

Romania

Reforms bear fruit as populism fades

Adrian Nastase: a premier in a hurry

Russia

Will Russia let growth slip?

Kazakhstan

The Greater Game

Fund management

Hedge funds: the new investment bubble?

Latin America

Embattled Chávez makes a last stand

Sovereign debt

Critics attack IMF’s standstill proposal

Equities

Wall Street stages a modest IPO revival

Internet awards

Internet Awards 2001: Bucks and bytes struggle for glory

Bank capital

Ingenuity pays off in tier-one capital

Operational risk

Banks face risky business of Basle

Editorial

High hopes jostle with uncertainty

How the banks let Argentina down

Front End

BBVA loses two heads in one day

JPMorgan says, follow the sun

UBS: Ospel proves he’s top dog as Arnold departs

A very pricey typo

Barclays uncovered

Market Monitor

Is the game over for hedge funds?

Europe gets easier access to funding

The rise and rise of Archipelago

Banks step up fight against money launderers

Debt-free Nokia looks to a prosperous future

Spain gets upgrade boost ahead of busy year

Emerging markets

New beginning looks elusive

Pension funds face crisis of low returns

A tale of two car companies

Latibex offers euro gateway to Latin stocks

Against the tide

Reasons why the dollar rules

Financial Lawyer

Coping with New Year hangovers from the euro

Deal Insider

UBS brings transparency to murky CDOs

People

Daniel Lebègue & Charles Milhaud

Juntaro Fujii

Flipside

Kashagan set to shift balance of oil power