Belgian regulator defends structured products moratorium

Watchdog claims complex products sale ban winning plaudits as soft-hands approach

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Flagging the issue: Belgian regulator defends structured products moratorium

A senior official at Belgium's Financial Services and Markets Authority (FSMA) has pointed to the regulator's 2011 ban on complex structured products sales as an example of a successful market intervention without resort to legislation, despite admitting it has led to the wholesale disappearance of certain product underlyings from the market.

In a forthcoming Q&A with Risk.net, Hendrik van Driessche, policy adviser at the FSMA, says the moratorium – which stops issuers who sign up to it from

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