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Editorial standards

These are the rules this publication holds itself to. They are published so a reader can check whether an article met them, and tell us when one did not.

Sourcing

A figure is reported with the body that produced it named, in the sentence that uses it. Where a number is our own arithmetic over a source, the article says so at that point rather than in a footnote. Where an announcement omits something material, such as an amount or a counterparty, we say it was omitted rather than filling the gap with an estimate.

We cite the record itself: the filing, the statute, the regulator letter, the central bank paper. A link to the outlet that reported it first is a credit, not a citation, and we try to give both when both apply.

Correlation and claims of causation

Where an article reports a relationship between two series, it states the coefficient and how many observations it rests on, and it says plainly when the relationship is too weak to publish as a finding. A refusal to draw a conclusion is a result and gets printed as one.

Headlines

A headline states what happened. If it carries a number, that number appears in the article with its source. We do not write headlines that ask a question the article does not answer.

Use of AI

Automated tools are used for research assistance, transcription, and production work such as formatting and image preparation. Every article is edited by a person before publication, and a person is accountable for every figure in it. Where a tool has been used in a way a reader would want to know about, the article says so.

Independence

Coverage is never sold, and no source, advertiser or partner sees an article before publication. We hold no positions in the assets we cover.