Structured Products Americas: Finra happy with looser definition of complexity

US flag
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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: