Belgian private banks shy away from structured products

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A risk-averse attitude on the part of investors has led to private banks in Belgium cutting back on structured products issuance, according to a senior asset manager at Degroof Private Bank.

As of March 2012, all banks and distributors that sell structured products to Belgian retail investors signed up to a voluntary moratorium launched by the Belgian Financial Services and Markets Authority (FSMA) in July 2011 to restrict the distribution of structured products deemed unsuitable for retail inve

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