The European Association of Co-operative Banks (EACB) welcomes the opportunity to contribute to the discussion around the correct classification of financial instruments as “complex” or “non-complex” as co-operative banks are amongst the major distributors of a large variety of retail investment products to their clients. Despite the fact that the consultation concerns debt instruments and structured deposits it falls within a much wider discussion on the complexity of financial instruments and the framework under which such products shall be distributed to retail investors.
For further information on this topic or to read the consultation paper, please download the PDF.