On the face of it, any individual investor is classified as retail unless they have been upgraded to a professional client by the regulatory authorities. But as private banks are discovering, wealth alone does not qualify an investor as a professional client.
"Most private banks are well aware that the mere fact an investor has a large sum of money does not make him a professional investor," says Simon Gleeson, partner at law firm Clifford Chance in London. "Monetary thresholds work at the insti
The week on Risk.net, July 7-13, 2018Receive this by email