The department of finance of the University of Tübingen has released a research study on behalf of the German Derivatives Association (DDV) calling for a rethinking of the regulatory approach in relation to the categorisation of complex products under Mifid 2. 

The research, Complexity of Financial Products: a Quantitative and Economic Approach , takes a different perspective and develops an economic approach to determining the complexity of financial instruments compared to Mifid 2, which ‘evaluates complexity by means of the characteristics of the corresponding financial product’. In the study, a three-strong team of academics including Christian Koziol ( pictured ), Philipp Roßmann, and Sebastian Weitz base the definition of compl

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