Martin Wheatley, head of the UK Financial Conduct Authority, gave a speech in the middle of October without a single criticism of structured products. The US Financial Industry Regulatory Authority has given brokers a nudge but not a smack over the way conflicts of interests should be handled. Even the drama of HM Treasury's public thoughts on deposit-based products could prove benign. It looks like the anti-depressants may be starting to kick in.
A decent dose of good-to-middling news, and some