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Barclays not alone on LIBOR; other frauds will emerge

Soon, many other banks will join Barclays in facing the consequences of the LIBOR scandal. But as the net widens, the affair is telling us about more than just banking. Regulators, politicians and many other sectors will be called into question as the affair unravels. LIBOR fixing has some broader lessons for public morality. The […]

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When “Investment Research” is not Independent Research

City analysts are swamped daily with research of variable quality. The move from printed reports to electronic media has triggered an explosion of content. Amidst all this noise, can investment managers sift out the key information they need? Unfortunately, knowing what to trust is complicated by the loose way in which research is described. Terms […]

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Kay Review & Executive Incentives

The flurry of consultations on executive pay now looks like a damp squib. The topic featured in the Kay Review and also Vince Cable’s Department for Business Innovation and Skills consultation – but both have missed the opportunity for real reform. Remuneration consultants, in particular, have escaped much criticism. Yet, reform of the way they […]

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US Recovery and UK Market Outlook

The strength of this year’s stockmarket rally has caught many investors by surprise. Clients are questioning why managers are sitting on cash or hiding in defensive sectors. Suddenly last year’s “quality” stocks are out of favour; betting against recovery is proving painful. The scramble to buy cyclicals, financials and commodities has given little chance to […]

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