The risk appetite of high networth customers will indeed differ from a middle class family with children about to join university. A broad brush stroke approach to product development in an environment like this is redundant and the challenge is to customize products and services accordingly. Second, is transparency and disclosure.
15 / 26  BIS central bankers' speeches  5.2 Persistent economic divergences in Europe The European Economic and Monetary Union (EMU) was expected to foster greater macroeconomic convergence on the basis of nominal and fiscal indicators of harmonisation, that is, inflation, long-term interest rates, exchange rate stability, the fiscal deficit, and the government debt to-GDP-ratio.