Q&A: Jean-Paul Servais on the FSMA's moratorium

Regulator Q&A: Jean-Paul Servais of the FSMA

jean-paul-servais chairman of the Financial Services and Markets Authority

SP: What were the rules in Belgium for structured products prior to the Lehman Brothers bankruptcy?

Jean-Paul Servais: Prior to the creation of the Financial Services and Markets Authority (FSMA) in April 2011, Belgium's financial sector supervisory body was called the Banking, Finance and Insurance Commission (CBFA). It was a single regulator, supervising the Belgian market. Up until 2008, before the collapse of Lehman Brothers, the rules covering structured products in Belgium were fully

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