Ecuador has taught just how hard it is to restructure or exchange Brady bonds. The logic behind the IMF's role in prompting the default is highly questionable. It may be setting an unfortunate and damaging precedent. After a year of dramatic highs and lows, the fledgling high-yield market is starting to get used to volatility. If only it could cut its umbilical cord to the troubled US market.
European brokers poll The new frontier is cross-sector research.
Luciano Mondellini Emu's tricky first year Eight continental investors talk frankly about how the euro has changed their lives and the mistakes they have made as European asset management goes cross-border. Marcus Walker European Union Disgrace at the heart of Europe Financial services remain trapped inside national borders by meddling governments and the slow pace of EU legislative change. Banks want the rules on use of collateral and market abuse cleared up, clear definitions of professional counterparties and of where trades take place and they want standardized prospectuses. Don't hold your breath. More size than depth The flourishing ADR market is dominated by a few big issuers.