European reflections

Sometimes it pays to sit back and consider recent market developments and what the future may hold for structured products. Following the European summer break, Paul Lyon spoke with some of the industry's leading figures to gauge their views on what's happening in the market, and elicit some thoughts about the future

Below, Pedro Diaz, Madrid-based head of global structuring for Santander, Jean-Manuel Dersy, London-based head of Credit Suisse's structured products group, and Arnaud Sarfati, Societe Generale's Paris-based head of equity-linked structured products, share their thoughts on the most important market issues.

Paul Lyon: Figures from BNP Paribas and others show the global structured products market is growing at impressive rates - with 2005 figures up $30 billion compared with 2004. Which countries

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