Self-regulation: Speak no evil

In the wake of the Eliot Spitzer investigations into the independence of sell-side equity research, credit analysts have been wondering if they will be the next subjects of an investigation by the New York State attorney general.

The problem is knowing how interested Spitzer and other regulators are in credit analysis – there is not a lot of retail participation in the corporate bond markets and even less in structured credit and credit derivatives.

But the answer appears to be: increasingly

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