Trade of the month: Adding complexity to a structure
Tim Mortimer looks at the rationale behind adding complexity to a structured product
The final article in our series on risk and complexity examines how to understand complexity within structured products.
Trade body the Joint Association Committee wrote a letter to the International Organization of Securities Commissions in 2012 that said: "We believe that a focus on ‘complex' financial products rather than all financial products would be difficult to implement and administer for regulatory authorities, firms and customers and would ultimately lead to worse outcomes [...]
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