La Banque Postale and Natixis fined for structured products shortcomings

The Autorité De Contrôle Prudentiel Et De Resolution (ACPR) has fined La Banque Postale €5m for a lack of advice during the marketing of a fund to individuals. The regulator's sanctions committee pointed out that the shortcomings 'relate mainly to the organisation and functioning of La Banque Postale's internal process' aimed at warning customers of potential losses arising from the repurchase, before maturity, of certain life insurance products. The dispute concerned the Progressio and Progres