Ban Complex Products (11 votes)

(Created by : phil )

Financial products or instruments which can't be modeled or understood, should be prohibited.

There are some products for which clear financial models can be built.

And others which no-one understands. The regulators should take a "guilty until proven innocent" approach to new instruments : if a plausible model can't be demonstrated, then the instrument should not be permitted.

Scope :National
Timescale :short-term
Who :Government

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