Q&A: Italy's structured products body on complexity crackdown

Italy's Consob has taken a tough line on complex products since the financial crisis, but Dario Savoia, chairman of the country's structured products association, believes the sector has a bright future

Dario Savoia of Acepi
Dario Savoia, Acepi

Italy's structured products market is enjoying a vintage year. Issuance in the primary market up to the end of September was just under €8 billion ($8.7 billion) across 403 International Securities Identification Numbers, close to the total figure for the whole of 2014, according to L'Associazione Italiana Certificati e Prodotti di Investimento (Acepi), the Italian structured products association. The market has come a long way since 2008, when volumes collapsed at the height of the financial

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