The IMA has hit out once again at confusing structured products accusing them of carrying higher ris...
The IMA has hit out once again at confusing structured products accusing them of carrying higher risks and cost as he blames the regulator for treating them with a lighter touch. Speaking at the FSA’s Asset Management Conference today, chairman of both the IMA and F&C Robert Jenkins questioned whether the regulator was “asleep at the watch”. He said: “Investment banks are creating and distributing structured investment products aimed at the retail investor. Deceptively simple in sales pitch but complex in construction, they carry issuer risk, liquidity risk, and a level of costs which t...
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