We look back at the main stories of last year covering regulatory developments across the world, as well as some of the high-profile lawsuit and arbitration cases in the US, related to structured products.
In February, the US Second Circuit Court of Appeals dismissed a class action lawsuit against now-defunct Credit Suisse on the basis that the bank provided ‘adequate warnings about the associated risks’ of its exchange-traded note (ETN). In South Korea, the Seoul High Court in March overturned the first ruling of imposing penalties on Hana Financial Group chairman Young-joo Ham in relation to the group’s subsidiary Hana Bank’s mis-selling of derivative-linked funds (DLFs)