Dealers hit out at US structured product proposal

New Angles

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Financial institutions are increasingly concerned about a multilateral proposal by the primary US federal banking and securities agencies aimed at offering best-practice guidelines on their use of complex structured finance. They are fearful the proposals will lead to the effective regulation of the structured products market.

But Kathryn Dick, deputy comptroller of the Office of the Comptroller of the Currency (OCC) at the US Treasury, defends the proposal issued on May 13, noting that it is ope

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