EU regulators clash over structured products risk ratings
Dealers say the latest delay in Europe’s implementation of the Priips framework is down to a regulatory spat over whether quantitative or qualitative methodologies should be used to produce the risk indicator that must be included in a product’s key information document
A key discussion paper on European reform of the structured products market is being delayed due to squabbles among national regulators over how product risk indicators should be defined, according to market participants.
A discussion paper on the key information document (KID) – part of the forthcoming Packaged Retail and Insurance-based Investment Products (Priips) framework – was due to be published by the European Supervisory Authorities (ESAs) earlier this year. The European Securities and
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