Editor's letter: Bashing banks that create indexes risks stifling creativity

Richard Jory

Who would have thought that the art of indexing could conceal so much skulduggery? Ask a third-party index provider about any bank's proprietary indexes and their response could form the plot of the next Scandinavian crime drama.

It is not clear whether these fears are based in reality or if it is just the sound of healthy competition pounding its fists into the ribcage of the battered banking industry. Let's face it, accusing bankers of being corrupt, dastardly and evil in today's world is like

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