CONFERENCE NEWS: Italian regulator issues warning

Minenna noted that there are currently more than 2000 structured products prospectus awaiting approval from Consob. Slow product approval has angered Italian structurers and distributors alike for the past few months. The problem, according to most, rests with regulatory confusion. Until recently the regulation of structured products lied with the Bank of Italy which published a list of product types that do not require pre-approval. Now, however, Consob directs structured product regulation

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