Structured Products Nordics: Swedish state secretary calls for greater transparency in retail sales

Conference hears that investors should not have been sold some structured products because they are too expensive and opaque, while Finansinspektionen announces paper detailing what it expects of distributors

johanna-lybeck-lilja

Some structured products should not have been sold to retail investors in Sweden because of their high cost and the opaque sales processes involved, according to Johanna Lybeck Lilja, state secretary at the Swedish Ministry of Finance, speaking at the Structured Products annual Nordic Region conference in Stockholm earlier today. In her keynote address, Lilja also said she would like to see structured product marketing material provide a longer-term indication of the total cost of the products

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