Kenneth Jossely, managing director and general counsel of the investment banking division of Goldman Sachs and John Faulkner, managing director at Morgan Stanley, recommended that regulators reviewed impending increased regulation on cost and confidentiality grounds.
Moves are afoot to attempt to persuade regulators to agree to a 'health warning' appearing on stock research, which will explain the general nature of the relationship between the investment bank and the subject client.
Banks Slam Analysts Proposals
Representatives of two 'bulge' bracket investment banks have criticised the calls for greater regulation of research analysts. They claim that planned moves could prove expensive and could expose confidential information on financing relationships.
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