Wednesday, May 20, 2009

Merrill Lynch - Policy - Research - Conflicts - 2004

The above document contains the policy announced in 2004 in connection with FSA's (UK) requirements.

Merrill Lynch’s policies and actions resolving conflicts of interest include:

(a) the provision of internal guidance and training on the identification of
possible issues of conflicts of interest as and when they arise;

(b) escalation procedures for ensuring that issues identified are referred to
and considered at the appropriate level within the Firm;

(c) Merrill Lynch’s Control Room monitors potential conflicts of interest
arising in connection with the publication of research in the period
before, during and after Investment Banking transactions;

(d) editorial guidelines and procedures for supervisory and compliance
review of research prior to publication;

(e) the Research Department’s Research Recommendation Committee is
required to approve all investment ratings changes.

People Management in Investment Banks

Alexandre Winandy is maintaining the blog People Management in Emerging Markets.

He is working in Banking industry. Therefore his posts contain references to investment banking issues. A relevant blog for securities market professionals.

I shall give more specific details about the posts in the blog in due course of time.