The chairman of Israel's Securities Authority Moshe Tery has announced to an audience of investment advisers that local banks may be barred from selling equity-linked structured deposits, which it says are ‘contrary to the spirit’ of a two-year-old law that bars lenders from acting as asset managers."We are following developments, and if this phenomenon strengthens, we will act to bar the sale of these products by the banks," he said. Israeli banks fell foul of the authority by using equity stru
