In a year where volatility cooled, interest rates shifted, and investor expectations continued to evolve, France’s structured-products market has shown both depth and adaptability.

Few players embody this adaptability as clearly as Equitim, one of the country’s leading independent brokers and product designers. The company turned over €3 billion (US$3.4 billion) of structured products last year, across roughly 1,100–1,200 products. The challenge today lies as much in market conditions as in issuers’ capacity to take risk -  Romain Noirault  In an interview with SRP, Romain Noirault ( pictured ), CEO of Equitim, discussed how the realiti