Securities & INVESTMENT APRIL 2012 REthe members’ magazine of the VIEW chartered institute for securities & investment cisi.org/s&ir Border barriers How much attention should investors pay to country groupings such as the BRICs? page 12 Mission possible? Why regulators are struggling to reform the rating agencies, p16 Turning the tables Changing trends in outsourcing are good news for the UK, p20 CISI.indb 1 26/03/2012 12:22 CISI.indb 2 26/03/2012 12:22 Securities & Investment april 2012 RE VIEW Editor Louise Reip Commissioning Editor Hugo Cox 6 Senior Designer 12 Pip Atkinson Art Director Steven Gibbon Publisher David Poulton Production Director John Faulkner Managing Director Claire Oldfield Chief Executive Martin MacConnol Advertising Sales Yanina Stachura +44 20 7010 0945
[email protected] Cover illustration Clara Terne for Agency Rush Published on behalf of the 16 Chartered Institute for Securities & Investment by Wardour, 5th Floor, Drury House 34–43 Russell Street Yan Ling Angela Lua, London WC2B 5HA a double winner at Telephone: +44 20 7010 0999 this year’s CISI Fax: +44 20 7010 0900 Annual Awards www.wardour.co.uk ISSN: 1357-7069 Communications Editor, Chartered Institute for Securities & Investment Contents Richard Mitchell 8 Eastcheap, London EC3M 1AE Features Members’ features Regulars Telephone: +44 20 7645 0749 12 blurring the boundaries 22 cpd: recognising 5 city view Email:
[email protected] Dan Barnes examines the standards Both the numbers and Editorial panel many and varied categories for Gary Wright