“Some may have been astonished that we started to process the complexity, [saying] ‘why are you dealing with complexity and not with risk’…that was the major point which we received. We consider that complexity is a major issue, because if the product is over complex, how can you understand the risk”
—Jean Michel Van Cottem, director in policy, international relations and market infrastructures at the Belgian Financial Services and Markets Authority, on the regulators view of complexity and risk at the 9th annual StructuredRetailProducts.com conference.
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