Looking back, moving forward

Market view

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This year has proved to be another period of rapid change in the structured products market, and regulatory factors have once again loomed large. In Europe, the long-awaited implementation of the Markets in Financial Instruments Directive (Mifid), which is due to come into force in November 2007, is the biggest potential source of regulatory uncertainty for structured products providers. In particular, the classification of products as 'complex' or 'non-complex', and the implications that ha

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