Swiss Prips paper proves regulatory convergence

Author: | Published: 2 Dec 2010

Swiss financial regulator Finma‘s consultation paper on improving investor protection on structured products is an unusual move that proves regulatory convergence is increasing across Europe.

The so-called Distribution report, based on the findings of investigations into both the Lehman Brothers structured products and the Madoff fraud, is designed to address the “information gap and power balance” between Switzerland’s sophisticated...