FX volumes have risen to new heights on the back of a huge increase in spot volumes and more activity from a broader range of players. But what the figures really tell us is that FX has matured as an asset class. Geraldine Lambe reports.

Wells Fargo's head of wholesale services has presided over the bank's commercial banking portal since it was launched in 2000 and has been instrumental in launching a number of Web 2.0 and social networking-inspired features and tools. Writer John Beck

The Chicago Mercantile Exchange has struggled to establish itself in credit default swap clearing against stiff opposition. However, it sees plenty of opportunities, starting with the launch of new trading platforms and the growth of business and partnerships overseas. Writer Geraldine Lambe

There is broad consensus that moving over-the-counter derivatives to central clearing will reduce individual and systemic risks, but this is not a panacea. Writer Philip Alexander

The new regulations designed to tame the world's banks and mend the post-crisis financial system are panning out with unintended consequences which threaten to hit the private sector where it hurts most. Michelle Price reports.

A flourishing private banking sector is developing in Turkey, as bank and wealth managers compete for the deposits of the wealthy, causing some high-net-worth Turkish individuals and institutional investors that previously entrusted their funds to European and US banks to shift their business to domestic institutions. Writer Metin Demirsar

Fluctuations in oil prices have almost spelt catastrophe for Nigeria over the past year. The future of the country's oil industry now looks more secure, but the lessons of the past year have emphasised how important it is for Nigeria to strengthen its non-oil economy. Writer Daniel Maalo