Open Hearing on Retail Investment Products - European Commission

On July 15, 2008 in Brussels the European Commission held an open hearing on retail investment products in order to shed light on the developments of this critical sector. The initiative took place less than one year after the Market in Financial Instruments Directive (MiFID) regime came into force and raised issues mainly pertaining to five fundamental issues somewhat related to consumer protection and competition: disclosure, conflicts of interest, level playing field, complexity of investment products and regulatory arbitrage.