In a bold response to spiraling regulatory costs, Citigroup has grasped the nettle and taken the decision to cease publishing credit research recommendations. The move - which was driven out of New York - will have a major impact in Asia where Citi's fixed income research has topped FinanceAsia's annual poll in recent years.
Citi has informed its Asian clients of the decision and told them that it will take effect on January 1 after a three month transition.
Four senior analysts will cease to publish lengthy credit research reports and investment recommendations Ivan Lee, So-Yon Sohn, Soo-Chong Lim and Kasemsak Charoensiddhi. They will see their...
