France's financial regulatory body, the Autorite des Marches Financiers (AMF) said on Tuesday it has set specific requirements for ban on the online advertising
of risky financial products,...
Not exact matches
The value
of the Internet economy may be understated in GDP calculations, for example, but the omission is offset by artificial inflations in other sectors like
financial services, which ballooned in the run - up to 2008 thanks to
risky, unsustainable
products like mortgage - backed securities.
While it's better to invest than keep money under a mattress, buying risk free securities, such as guaranteed income certificates or low - yielding government bonds, could actually be
riskier than purchasing higher returning
products, says Ted Rechtshaffen, president and CEO
of Toronto's TriDelta
Financial Partners.
«The unit at the centre
of JP Morgan Chase's $ 2 billion trading loss has built up positions totalling more than $ 100 billion in asset - backed securities and structured
products - the complex,
risky bonds at the centre
of the
financial crisis in 2008.
The centerpiece
of the current
financial overhaul plan is a new agency dedicated to protecting consumers from
risky financial products.
Much
of the
financial turmoil we see today is a by -
product of risky and dangerous loans which should never have been made available to large numbers
of borrowers.
In other words, you have to use quite a narrow definition
of risk to argue that a whole life policy isn't
risky; committing the next several decades
of your retirement savings to a complicated
financial product with a low return rate and a high abandonment rate involves some pretty significant risk taking (although you can see why insurers love this
product category so much).
Europe's top markets watchdog may curb trading in derivatives in Bitcoin and other cryptocurrencies as part
of a broader crackdown on
risky financial products available to retail investors.
Stevens told attendees the entire
financial industry made bad decisions regarding
risky loan
products and there is no doubt that reforms are needed to get back to a level
of sustainable access for qualified consumers.
New mortgage lending standards were put into place this month by the Consumer
Financial Protection Bureau to protect borrowers from the
risky home loan
products that contributed to the foreclosure crisis
of the last decade.
He added that in a fully private market,
financial institutions with FDIC - backed deposits would focus more on optimizing their profits in a noncompetitive banking industry, and potentially fostering new,
risky mortgage
products that place taxpayers at risk, rather than
products that would be in the best interests
of consumers and the nation's economy.