Bridging troubled waters

Markets

sp-jun08-10-gif

On March 1, Kredittilsynet, the Norwegian Financial Services Authority (FSA) seized the regulatory reins and announced new guidelines intended to steer the structured products market towards greater protection for retail investors. The guidelines effectively rendered products combining debt and derivatives as complex investments unsuitable for retail clients, under the assumption that such an investor might not be aware of the inherent risk. As a consequence, distributors of structured produ