The world faces the worst financial crisis for decades, yet only one emerging market sovereign has so far entered default. But untested new issuers, political risk and the persistent lack of agreed restructuring mechanisms mean sovereign debt is still far from a risk-free investment. Writer Philip Alexander.

Bad times call for grand schemes, and bankers, advisers and economists are scraping around for fixes and explanations including forced mergers and the axing of the Basel capital regime. Writer Nick Kochan.

The world has yet to descend into an anarchic series of food-related riots, as some feared it might. Crop prices have eased, but this is no time for governments to rest on their laurels. Writer Charlie Corbett.

Germany’s example shows that renewable energy markets can be created if governments actively invest in infrastructure and provide clear, long-term policies. Writer Geraldine Lambe.

New state funds and laws are allowing Russia’s ailing infrastructure to catch up with its fast-growing economy. The Banker hears from some of the key players in a $1000bn market. Writer Philip Alexander.

Current WTO negotiations are encouraging a negative trend towards bilateralism and regionalism.

Banks in Indonesia are looking to commodity plays as inflation hinders growth in the region. Writer Simon Montlake in Jakarta.

The EU’s introduction of T2S is designed to enable easy movement across jurisdictions and bring down costs.

While most market participants are suffering from the global turmoil, RBC-Dexia Investment Services is enjoying the benefits of a risk-averse strategy. Writer Nick Kochan.

Lázaro Campos, Swift’s CEO of 18 months, discusses the institution’s critics and competitors, and why Swift will always upset someone.