'Spread bets on steroids?' Lowes says struc product market has moved on

In a speech earlier this month, Financial Conduct Authority (FCA) managing director Martin Wheatley asked how the regulator could expect consumers to take responsibility for their decisions when there are "seriously complicated" products on the market. Some structured products, he said, often represented "mind-bogglingly complicated financial gambles - almost like spread bets on steroids". But Lowes, founder of structuredproductreview.com, said that, though Wheatley had some cause for complaint historically, increased regulation and stronger product approval processes had since improv...