Full steam ahead for Patti Chiari
Italy’s Patti Chiari programme has reached its first birthday. John Ferry looks at how it has affected the way structured investment products are sold, and at how its latest initiative is further shaking up the market
Italy is pressing ahead with reform of its banking sector. The latest stage in the ‘Patti Chiari’ (transparency pact) programme, which is designed to improve banking transparency and communication, could have a profound effect on sellers of retail structured investment products.
The Italian Banking Association (ABI), which is implementing the Patti Chiari programme, is working on a new initiative
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