While you ponder yet another acronym for structured products - they are now Prips, or packaged retail investment products, according to the European Union - reflect upon the fact that there has been some kind of progress in the calamitous world of regulation. Nudging along slowly but surely, the EU has promised a new directive to further define the duty of care bestowed by the Markets in Financial Instruments Directive (Mifid).
Source: Structured Products | 01 Jun 2009
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