More 'adult supervision' needed, SEC's Muoio tells conference

Regulation the main topic at Structured Products Americas

photo of reid muoio of the US SEC
Reid Muoio, US Securities and Exchange Commission

The answer to fears about the supposed evil of structured products is "more care and adult supervision", according to Reid Muoio, deputy chief of the complex financial instruments unit in the US Securities and Exchange Commission's (SEC) enforcement division. Although Muoio's comments were made in reference to his experience of enforcing rules and regulations in the world of structured finance - the realm of collateralised debt obligations (CDOs) and their ilk - there are rules common to both