Structured Products Americas: some welcome consistency in the complexity debate
Consistent about complexity
The investment of time and resources by regulators into structured products has been nothing short of astounding, but, despite the progress in the creation of new rules, no progress has been made towards establishing an industry nomenclature that would provide some consistency in the understanding and presentation of the products themselves.
The lack of consistency in nomenclature across the world has been noted, though not acted upon, by the regulators, and the message from Bill Hayden, senior
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