New regulations leave retail structured products on shaky ground in France

One step forwards, three steps back

Brice Henry - Allen and Overy

Two themes have emerged following the introduction of new guidance for marketing and selling structured products to retail investors from France's financial and insurance regulators at the end of last year. The Autorité des Marchés Financiers (AMF) and its sister regulator, the Autorité de Contrôle Prudential (ACP) have introduced rules for the marketing of structured products aimed squarely at complexity, but some bankers and lawyers suggest that the opportunity to take a look at risk rather

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