​Structured Products Industry Seeks Greater FCA Support

The structured products industry has asked the U.K. Financial Conduct Authority for support in achieving industry harmonisation when defining a target market at the design stage of a product. According to a letter from the Joint Associations Committee to the FCA following the regulator’s thematic review of product development and governance, the trade body has also supported the recognition of a requirement for tailored solutions, but has asked for coordination with global regulators since many firms manufacture and distribute products globally.