Mis-selling of Financial Products: Subordinated Debt and Self-placement
Study
13-06-2018
This paper forms part of a series of five studies on mis-selling of financial products in the EU. The focus of this document is mis-selling of subordinated debt and other junior liabilities and weaknesses of MiFID. This report concludes that the mis-selling, essentially through self-placement, was due to violations of MiFID rules rather than weaknesses of the legislative scheme. The report includes proposals to strengthen the legislation and to provide compensation for retail investors. This document was provided by Policy Department A at the request of the ECON Committee.
Study
External author
Pierre-Henri CONAC
About this document
Publication type
Keyword
- administrative transparency
- budget
- civil law
- conflict of interest
- economic analysis
- economic analysis
- economic geography
- ECONOMICS
- EMPLOYMENT AND WORKING CONDITIONS
- EU control
- EU Member State
- EUROPEAN UNION
- European Union law
- executive power and public service
- FINANCE
- financial control
- financial institution
- financial institutions and credit
- financial planning
- financial solvency
- free movement of capital
- GEOGRAPHY
- investment company
- labour law and labour relations
- LAW
- market supervision
- POLITICS
- public debt
- public finance and budget policy
- securities
- TRADE
- trade policy
- venture capital