OK, so what I gathered from that article is that it is super illegal for researchers to talk to bankers. So much so that they cannot call or email each other over official company channels, but if they do want to talk, they can just step outside the office and use their cell phones.
The wall sounds as effective as LIBOR's blind auctions.
yup. obviously there are limitations. how do you even plan to 100% restrict that information? i guess you can lock up the research analysts and bankers in monitored cells after work...
The wall sounds as effective as LIBOR's blind auctions.