Chairman of the UK Structured Products Association Jamie Smith discusses how advisers, providers and the regulator need to all work together to ensure good practice in the structured products space.
Whatever the natural tension between industry and regulator, growth in consumer use of any product will logically attract more regulatory attention. Within the opening comments in its recent guidance consultation on structured products, the FSA recognises the recent growth in the market, which in turn has given rise to its latest initiative to improve regulation: “Structured products are rising in popularity and we are concerned the growing number of structured product sales, as well as increasing product complexity, is placing a strain on firms’ systems and controls.” The appearance ...
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