Q: Is the current level of regulation aimed at protecting
EU retail investors appropriate and effective?
Zak de Mariveles, chairman of the UK Structured Products
You don't have to look back too far to remind yourself
of the many scandals that hit global headlines in recent times
– Fifa corruption, Toshiba accounting or Volkswagen
CO2 emissions to name just a few.
And the world of finance is no different.
It's not hard to rattle off a seemingly endless list of
scandals that have rocked the world of finance and consumer
confidence from Bernie Madoff and Enron to sub-prime mortgages,
the mis-selling of payment protection insurance, Split capital
investment trusts and endowment mortgages.
It's hardly surprising then that regulators are focused on
the need to protect retail investors, and over recent years a
huge amount of activity in this area has taken place. This
doesn't just affect investors in the...