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End of the line. All change

The Financial Services Authority has released an update to CP171, its consultation paper on conflicts of interest within investment research. Now its impact on the futureof credit research is becoming clearer, as Hardeep Dhillon discovers

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Over the past two years, much regulatory attention has been focused on the way conflicts of interest affect the production of investment research and the issuance of capital market debt. Although driven by the high-profile cases in the United States, this has become a matter of international regulatory concern.

In response to this crisis of confidence in sell-side research, the UK’s

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