ABN Amro 'Gags' Analysts

The Straits Times reports that, to avoid claims of non-objectivity, ABN Amro is believed to have issued a 'gagging order' on its analysts in Singapore who are now not permitted to speak to the media without permission from the local head of research.

An unnamed source told the newspaper that 'the basic idea is that if analysts do not talk to the media, there is no possibility of being sued or accused of pushing stocks for ulterior motives.'

The ABN Amro directive was thought to have been issued earlier this month. The bank has declined to comment on the story, although a spokesman did say that 'there is a constant reviewing of media guidelines, it could be something that is coming up.'

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