Structured Products Americas: Finra happy with looser definition of complexity

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Defining complexity in the US

There is no fundamental link between structured product complexity and riskiness, and creators and distributors should take more responsibility for deciding which products are complex, according to a senior official at the Financial Industry Regulatory Authority (Finra).

"It is not always helpful to equate risk and complexity because some of the complexity may provide protection," said Bill Hayden, senior director for emerging regulatory issues at Finra in Washington, DC, speaking at the start o

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