If an analyst is also employed in other departments of an institution, there is a risk that his or her independence and neutrality will be compromised. The supervisory authority considers such a risk to exist in particular if an analyst is also employed in the area of investment banking, for example in corporate financing, issues, tenders for the acquisition of new business (pitches) or road shows. – See analyst, underwriting arrangement, financial analysis. – Cf. BaFin Annual Report 2007, p. 148 (new rules of conduct).
Analyst influencing (influencing of analysts): Recommendations by a company’s management to analysts (especially occasionally at an analysts‘ conference by means of the dissemination of insider information) to offer certain securities to customers. – The selective disclosure of certain information to only a few analysts by a company in order to grant the respective analyst an information advantage. – In the case of an institution, the instruction by management to analysts to assess certain financial products favorably because this is in the interest of the institution. – See analyst, underwriting agreement. – Cf. BaFin Annual Report 2007, p. 149 (conflict cases).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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