Italian anti-austerity vote could halt structured products revival, fear providers
Despite strong growth in Italy's structured products market last year, bankers say the mood has quickly turned conservative following the elections this week
Following the recent Italian general election in which a majority of voters rejected austerity measures, further straining the country's relationship with the rest of the eurozone, the immediate effect on the structured products market is likely to be a halt on new issues, especially of leverage products, according to industry sources.
"A large part of the certificates market is comprised of investment products," says Nicola Francia, head of exchange-traded products for Europe, the Middle East
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