Recommendations reinforce focus on supervision, disclosure and risk-based controls as complex product distribution evolves.
The US Financial Industry Regulatory Authority’s (Finra) latest review of its Enforcement Program highlights several areas that are relevant to structured products firms, particularly around product governance, supervisory frameworks, communications and the use of technology to strengthen oversight. A key focus of the review is the need for firms to maintain effective, risk-based supervisory systems While the recommendations do not introduce structured product-specific rules, they rein