A straight answer, please

Author: | Published: 1 Dec 2007

Two senior in-house counsel sit back in their leather meeting-room chairs, considering what the biggest trends will be next year. With our annual predictions for the year ahead due in January, I'm curious to hear what their outlook is. It turns out to be almost as gloomy as the grey, wet weather out of the top-floor window. One reason is pessimism over Islamic finance.

Many in the banking community had seen some kind of economic downturn coming – money was too free,...