José Carlos Sánchez-Vizcaíno, Director of Depository Supervision at Cecabank, has contributed to a FundsPeople article on the Retail Investment Strategy (RIS) sponsored by the European Commission as part of the Savings and Investments Union (SIU).
José Carlos Sánchez-Vizcaíno pointed out the difficulty of combining the RIS goals: firstly, making progress in the Savings and Investments Union; secondly, avoiding excessive regulatory burdens and market fragmentation without giving up greater investor protection and access to products offering value for money. He did not rule out the possibility that the initiative might lapse, which he said could be viewed in a positive light by the industry.
Moreover, in relation to private equity vehicles, José Carlos commented that "they need advice and support in the retailer's decision-making process to ensure that liquidity expectations are aligned with the customer's expectations in terms of the products' features. It is in the industry's own interest to gain the confidence of investors."
