IMA chairman Robert Jenkins asks whether structured products should be more closely regulated to reduce risk
The IMA has now turned its focus to the regulator in its attack on structured products suggesting the FSA might be "asleep at the watch". At the FSA's Asset Management Conference last week, chairman of the IMA Robert Jenkins pointed out the higher risks and cost levels involved could potentially confuse investors. But he is now attributing partial blame to the regulator for treating them with a lighter touch. Jenkins said: "Investment banks are creating and distributing structured investment products aimed at the retail investor. "Deceptively simple in sales pitch but complex in con...
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