On 05 March 2015, the Financial Conduct Authority (FCA) published a Thematic Review containing the findings of its discovery work, based on finalised guidance (published in 2012) into structured product development and governance. The FCA has continued to review how firms in both the retail and wholesale markets were developing new structured products. The thematic […]

The FCA has published an occasional paper on behaviour economics to explore how consumers have significantly overestimated the expected returns on structured deposits. The findings highlight the importance of firms designing structured products that are suitable for their clients’ levels of financial sophistication and note a number of areas for improvement including: putting customers at […]