Belgian regulator bans 20 structured products in 2017

The Financial Services and Markets Authority (FSMA) thoroughly analysed 50 structured products with new features, targeted at the Belgian retail investor, during 2017, according to its chairman Jean-Paul Servais (pictured) . 'Of these 20 were not brought to the market because they were too complex,' Servais said. In its annual report the regulator said that the calculation formula of the products deemed too complex in 2017 often was determined on the basis of a so-called proprietary index. Sinc