Structured products: Why new rules may confuse complexity with risk

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Jamie Smith, chairman of the UK Structured Products Association, reflects on its achievements and describes its future roles.

The key objective of the UK Structured Products Association (UK SPA) is education. Our goal is to increase awareness and understanding of structured products among intermediaries and investors. This may sound fairly basic, but problems with financial products in the past have often come down to a lack of understanding of what that product is and what it is for. One of our main avenues in raising awareness is the financial media; our members are keen to discuss and explain the major themes affecting structured products, and so generate a more informed and healthy dialogue across the wider...

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