GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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August 2002

Main

Cover story

Where's the money coming from?

Asian equities

Devil or angel?

Emerging markets banks

Emerging markets 250 2002: Growth spurt belies global gloom

Credit

Corporates seek to cover their embarrassment

Navigating the credit minefield

Prime brokerage

Custodian takes on frontline role

Italy

Tremonti tries the highwire act

Mergers and acquisitions

Fortune fails to favour the brave

Futures trading

Futures shock for block-trade resisters

Asset management

The shape of things to come

Roundtable

Are Chinese walls enough?

Nordic finance

DnB's on-off affair leaves Storebrand suitorless

Project finance

Asset class under assault: Project finance battles risk misconception

Money laundering

AML: Staying ahead of the game

Convertibles

Preaching to the converted

Editorial

CEO: credible elderly officer?

It's like déjà vu all over again

Front End

Oldest profession turns a new trick

Bill Gross: Calling all zebras…

Did Gut feeling favour Grübel?

Hislop has news for the banking world

Treasurer fails to add up

Market Monitor

Abbey cleans out the cupboard

Totem polls the market for consensus prices

Borsa Italiana joins the consolidation game

Life, but not as we have known it

Bank regulation: CEOs a sorry sight as regulators crack down

Emerging markets

Loan exploits a shift in sentiment

Stirring a corporate hornet’s nest

Superpeso develops a fear of flying

Guarded optimism after deficit cut slips

Ford drives in under closing barrier

Power politics prompt investor switch-off

Against the tide

Pricey bear market

Deal Insider

Iranian deal overcomes aura of evil

People

Alastair Ross Goobey

Flipside

Never mind the clichés, where’s my helicopter?