European regulators consider past performance, revise methodology for future scenarios

Europe | Regulations & Legal

16 Oct 2019 by Pablo Conde

The European Supervisory Authorities (ESAs) are seeking feedback on amendments to existing rules underpinning the key information document (Kid) for packaged retail and insurance-based investment products (Priips).

SK regulator blames domestic banks for DLS debacle

Asia Pacific | Regulations & Legal

03 Oct 2019 by Jihye Hwang

The interim findings of an investigation into misselling allegations of rate-linked structured products have confirmed improper advice, according to the South Korean regulator.

US watchdog increases investor protection, issuer transparency

North America | Regulations & Legal

03 Oct 2019 by SRP News

The US regulator has introduced new requirements to increase availability of issuer information and modernise the rule governing quotations for over-the-counter (OTC) securities.

US regulators clamp down on unsuitable sales, structured note fraud

North America | Regulations & Legal

02 Oct 2019 by SRP News

The US Financial Industry Regulatory Authority (Finra) and the Securities & Exchange Commission (SEC) have charged and fined a securities brokerage and a hedge fund for inadequate use of structured notes.

International regulator warns of ‘inconsistent’ suitability approaches

International | Regulations & Legal

26 Sep 2019 by SRP News

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.

EU regulators clash with EC over Priips performance scenario approach

Europe | Regulations & Legal

03 Sep 2019 by Pablo Conde

ESAs say exclusion of performance scenarios options from Priips consumer testing exercise limits scope of regulation; Structured products industry questions whether EU regulators can absorb any results of the consumer testing exercise as they draft RTS paper.

Australia to ban binary options and restrict CfDs

Asia Pacific | Regulations & Legal

27 Aug 2019 by Jihye Hwang

Australia follows regulators in Europe and North America by banning or limiting the issuance as well as distribution of binary options and CFDs.

SK investors brace for losses as misselling allegations rock banks

Asia Pacific | Regulations & Legal

19 Aug 2019 by Jihye Hwang

South Korea’s financial regulator has announced plans to investigate local banks that sold rate-linked products – those tracking German 10-year bond yield, UK and US dollar swap rates. The banks have come under fire for misselling the ‘high-risk’ products.

Structured deposits in the spotlight as regulator demands more clarity

Europe | Regulations & Legal

09 Aug 2019 by SRP News

The European Banking Authority (EBA) has released the first of three opinions on the implementation of the Deposit Guarantee Schemes Directive (DGSD).