Lehman Structured Products Indian activist Investors ensure changes in UAE policy

Bar & Bench September 15 2009

A year after the fall of Lehman Brothers brought the entire house of cards crashing, the Central Bank of UAE has notified all banks and financial institutions prohibiting the sale of structured products to their retail customers without the approval of the Central Bank.

Sources indicate that the prohibition is the first of its kind, as never before have high net-worth individuals been classified as retail investors. Further, the notice mandates that all banks identify whether they are selling structured products to retail customers, and either put in . . .

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