Consob’s probability table courts favour in Italy

Italian regulator Commissione Nazionale per le Società e la Borsa (Consob) is making progress with the introduction of its ‘Quaderni di Finanza’, a series of recommendations designed to allow retail investors to make informed investment decisions.

Published in April 2009, at the heart of the recommendations is a probability table that offers investors a view on the relative outcomes of the structured product on offer when compared to a risk-free investment.

The risk-free element is taken to be a

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