Who said what?

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“This idea that investors will start punishing poor liquidity-providers by shunning their primary business is just talk. You’d have to punish every single bank.”
Marino Valensise, head of fixed income at Baring Asset Management. April 2003


“I have phoned a syndicate desk and placed an order for a supposed e-bond issue with a dealer who then booked it on the internet from his desk. There’s a certain amount of spoofery involved.”
Gareth Quantrill, fixed-income portfolio manager at No

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