Singapore Introduces a Review of Complex Retail Investment Products
The financial innovation of the past decade has created some incredible opportunities but also opened up a new, more complex risk landscape. Retail investments in particular have seen a large number of investment products with much more intricate risk-reward profiles. As a result of this shift, the Monetary Authority of Singapore is now taking steps to try and introduce more safeguards for these products. In particular, it has proposed changes to the classification of certain products that will mean those...
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