Bafin halts CLN retail distribution probe, issuance falls by more than 90%
Following a nine-month monitoring period, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - Bafin) has decided not to prohibit the distribution of credit-linked notes (CLN) to retail investors. The German watchdog 'monitored the issuance and distribution of these products intensively' until the end of September 2017, and established that the 'voluntary commitment' made by the German Banking Industry Committee (DK) and the German Derivatives Association (DDV) was 'broadly adhered to and protected retail investors sufficiently'.
The full story is only available to registered users and subscribers.
Sign Up now for access to our news and data.Sign Up