Insider trading rumours hit credit

Abuse of information prompts worries about integrity in credit markets.

What would trigger 12 securities industry trade associations to issue a joint statement reaffirming their commitment to the promotion of fair and competitive markets? Specifically they point out that the inappropriate use of material non-public information is not to be tolerated.

Rumours of trading on insider information in the credit markets are rife. They have intensified ever since institutions such as hedge funds started getting involved in loan markets with accompanying concerns about the sturdiness of their Chinese walls.

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