Iosco has found that definitions of complexity appear to correlate to levels of market development, which, in turn, appear to correlate to robustness of suitability frameworks across jurisdictions.
Suitability standards aimed at preventing the mis-selling of complex financial products have been implemented across markets but inconsistent approaches around standards and definitions prevail in some of the less developed markets, according to the International Organization of Securities Commissions (Iosco) which is chaired by Ashley Alder ( pictured ), CEO of the Hong Kong Securities and Futures Commission (SFC). The international watchdog’s Thematic Review report published today unvei
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