UK FSA asked to broaden scope and improve clarity in retail product development and governance consultation

More clarity requested from FSA on responsibility

The January 11 deadline has passed for the submission of responses to the Financial Services Authority's (FSA) Retail Product Development and Governance - Structured Products Review, which was created in response to the regulator's findings from an investigation of the practices of seven structured products issuers between November 2010 and May 2011.

While concluding that there "were still weaknesses in design and approval processes that increased the risk of poor outcomes for consumers", the FS

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