Editorial: Protecting privacy

Regulators have not produced a new code for private banking and wealth management. They have simply allowed new rules for retail products to creep into the wealth space

Richard Jory, Structured Products Editor

The idea that the private banking industry needs to form an effective lobbying group is not as peculiar as it might seem.

Regulators across the globe have snapped into action and rolled out shiny new rules designed to protect investors from those that mis-sell their structured product wares to retail investors. The key word in all of this used to be ‘retail’, but as the latest regulations take shape an accidental bystander is being swept into the melee – the private banker.

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