Structuring shops get shirty about spread-bets and CFDs

Retail brokers accused of stealing bank business with little oversight

financial-conduct-authority-canary-wharf
FCA: conduct-of-business sourcebook requires firms to make sure clients properly understand risks

A couple of years ago, one of Europe's big banks was preparing to launch a new retail structured product – a simple play on an equity index – but staff were still roped into a two-hour compliance meeting, purely to discuss the marketing strategy. One of the attendees was the bank's head of equity derivatives, and after the meeting he had to hurry to catch a train.

Standing on the platform, he noticed posters for a retail broker's spread-betting service that offered unprotected punts on the same

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here