Prips proposals panned by leading industry group

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An industry group says it is a mistake to force issuers to use a single number to illustrate the riskiness of structured products, after proposals to include a single risk indicator emerged in the discussions over regulating packaged retail investment products (Prips) between the European Parliament, European Commission and the Council of Ministers. The Joint Associations Committee on Retail Structured Products (JAC), an association of leading European investment banks, says a single risk ind

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