French banks hold their own as structured product sales across Europe falter
The French structured products market held its own during the first quarter of 2017. Sales volumes, at €3.1bn, saw only a slight decrease (-4.8%) compared to the first quarter of 2016 (€3.3bn), especially compared to the rest of Europe where sales were down by 40% year-on-year. Issuance remained fairly stable too with 108 products striking versus 126 products in 1Q 2016. Thirteen issuers were active in the market during the first quarter against 14 issuers during the same period last year.
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