Declaration of Independence

credit research


In the past few years, independent credit research has edged toward the spotlight, pushed by the increased scrutiny of equity analysts and demand from a growing hedge fund community. While the $1.4 billion "global settlement" struck between US regulators and eight sell-side firms in the wake of the WorldCom fiasco in 2002 – which included a $450 million payment to promote independent equity research – didn't cover bonds, some argue that the fixed-income sector is due for reform.


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