The regulator has flagged inconsistent cost disclosures, potentially making it harder for clients to compare investment products.
The German financial regulator BaFin has completed an investigation into the production and sale of interest rate certificates (Zins-Zertifikate) and express certificates (Express-Zertifikate). Deficiencies were identified in some institutions’ product governance in relation to interest rate certificates and express certificates The study found no widespread misconduct among banks and product providers nor did it identify any systematic or serious deficiencies in the producti