Aufsätze in Sammelwerken 2022
Caterina Cruciani, Gloria Gardenal, Giuseppe Amitrano
In:
Understanding Financial Risk Tolerance : Institutional, Behavioral and Normative Dimensions
Cham: Springer International Publishing
39-78
This chapter takes a closer look at the implementation of the first compliance tool to measure risk tolerance in the European Union—the MiFID suitability questionnaire. The literature review carried out in Chapter 1has clearly identified the key dimensions of variability that characterized the academic notion of risk tolerance up to the introduction of the suitability questionnaire. This chapter sets out to understand to what degree this notion has helped define the implementation of the suitability requirement in European Regulation ranging from the original requirements proposed in MiFID to the changes introduced with MiFID2 and successive modifications.
Keywords: Suitability questionnaire; MiFID; MiFID2; Risk tolerance tools
DOI:
https://doi.org/10.1007/978-3-031-13131-8_2