Belgian regulator defends structured products moratorium
A senior policy-maker at Belgium’s markets regulator has defended the watchdog’s moratorium on complex structured products sales, and denied seeing any evidence that investors have simply switched to buying complex underlyings via different wrappers
A senior official at Belgium's Financial Services and Markets Authority (FSMA) has pointed to the regulator's 2011 ban on complex structured products sales as an example of a successful market intervention without resort to legislation, despite admitting it has led to the wholesale disappearance of certain product underlyings from the market.
In a forthcoming Q&A with Risk.net, Hendrik van Driessche, policy adviser at the FSMA, says the moratorium – which stops issuers who sign up to it from
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