Spain to launch structured product risk ratings
New risk indicator could be at odds with options under discussion at EU level, forcing Spanish issuers to produce different ratings for the same product
Spain is set to introduce its own risk ratings for structured products that may conflict with those being prepared by European regulators as part of the Packaged Retail and Insurance-based Investment Products (Priips) regulation – potentially forcing Spanish issuers to publish two different risk ratings for the same product.
"We are not happy with the timing as it comes when Priips requirements are about to be disclosed, with some aspects not going in line with the [European] regulation. We also
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