We aimed for a financial reform package that would be implemented consistently across jurisdictions and would not impede the ability of financial institutions to innovate, intermediate and foster economic growth. The road to implementation hasn’t been as smooth as one would like.
9  Further instruments will soon be included in the transparency rules to stop products being proposed if they are not suited to customer needs. The new rules on the development, introduction and control of financial products placed on the market (product governance) and on the remuneration and bonuses of sales networks will help to prevent opportunistic behaviour on the part of financial intermediaries.