The CBI continues to implement the findings from a series of targeted reviews on structured products aimed at product providers.
The Central Bank of Ireland (CBI) has released new supervisory guidance to investment firms to clarify aspects of the relevant Mifid 2 investor protection requirements and the expectations set out by the regulator in the SRP Letter on Mifid 2 structured retail products last year. These relate to how the warnings on use of a decrement index should appear, and the presentation of back-testing. The use of decrement indices – ‘where a fixed dividend is periodically deducted from the un