BNP splits desk analysis and publishing research

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BNP Paribas has split its credit research into two distinct groups to separate the analysts that publish research for clients from those that speak to the bank's traders.

The French bank becomes the latest bank to pursue this model, which meets regulatory calls for the separation of trading and research in investment banks. According to Rick Deutsch, formerly head of European credit research and now head of the desk analysis unit in the new department, it also reflects the changing nature of the

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