The word regulator is greeted with at best indifference by structured products professionals. While the prevailing sentiment, particularly in the aftermath of the financial crisis, was fear, the world has moved on as these arbiters of the rules hire a barrage of new staff. There have been questions raised over the quality of some of these staff and the sometimes rapid turnover of personnel, which would appear to be a perennial problem for high finance. If you hire someone who knows the market a

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