COE discussions herald onshore structured products market in Brazil
The Brazilian market has long promised to be a hallowed land for structured products in Latin America. Yet it remains all but impossible to issue products onshore. As the promise of new rules that will enable onshore issuance nears, Mark Pengelly reports on how they would boost the local market for retail products
The Brazilian structured products market could be transformed by rules that would create a new form of structured notes - supplementing existing structures that tend to be offered in swap or fund format - according to market participants.
Structured products professionals say that dialogue between the industry and the Banco Central do Brasil (BCB) is nearing fruition, with some suggesting the rules will be finalised in the final months of this year. Others caution that this is optimistic and
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