CONFERENCE NEWS: Italian regulator issues warning

Italian structured products professionals are duty bound to provide complete product analysis if they want their products to be approved by regulators. That was the message delivered by Marcello Minenna, enforcement officer with Italy's structured products regulator - Commissione Nazionale per le Società e la Borsa (Consob) - at the inaugural Structured Products Italia conference in Milan this morning. Minenna, speaking in a panel discussion, also warned structurers and distributors that Consob has the power to bring sanctions against banks whose products do not perform as specified in their original scenario analysis.

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here