Karl Dines: To CRP or not to CRP?

In last month's column I introduced our superhero, PROD. Mild mannered if you look at it as a dull exercise that you have to do "because the regulator says so". However, it can transform into an absolute hero if you use it to run your CIP. It is the engine and drives it forward. In this article, I want to explain why PROD is so flexible, and why it can futureproof your CIP. The PROD theory revolves around identifying Relevant Financial Instruments and ensuring they are used with the appropriate client and/or segment of clients, like below: Now, let's talk about the new kid on the blo...