Eusipa president admits product complexity was misguided

The move towards more complex structured products in 2007 was a mistake, said Reinhard Bellet, the president of the European Structured Investment Association (Eusipa), in a keynote address at the Structured Products Europe Conference 2009.

Speaking at the event in London on November 18, Bellet said it would not be right to pass the buck for the business’s failings to the mass media, even though poor coverage had confused structured finance with structured retail products. “Sometimes when the wa

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