German watchdog extends credit-linked notes probe

The Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin) has expanded the 'intensive monitoring' of credit-linked notes (CLN) sales to retail investors for a further three-month period until the end of September 2017. According to the regulator, CLNs have only been issued and marketed among German retail investors since April after a gap in issuance and therefore is seeking to extend the probe to continue monitoring sales. So far, Bafin has not found any violations of the self-imposed commit