MEPs' revolt threatens structured products reforms

Search for 'quick fix' under way before plenary vote on Priips regulation later this month

European Parliament building in Strasbourg
Members of the European Parliament are angry that concerns have allegedly been ignored

Parliamentarians' rejection of new standards at the heart of the European Union's Packaged Retail and Insurance-based Investment Products (Priips) regulation has set the clock ticking on crunch talks to save the reforms from being postponed beyond their end-of-year start date.

Members of the European Parliament's Economic and Monetary Affairs committee (Econ) voted against the European Commission's proposed Priips regulatory technical standards (RTS) on September 1. Parliamentarians supported

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