Structured Products Europe: Regulators struggle to define complexity

Defining moments

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Determining whether a product is too complex to be sold to retail investors remains a challenge in Europe, where competing definitions of "complexity" are still in use from country to country and at the European level, said a panel of regulators and lobbyists at the Structured Products Europe conference held in London on November 12.

Edouard Vieillefond, managing director in the regulatory policy and international affairs division of the French Financial Markets Authority, said France decides wh