Israeli regulator says structured products on the agenda

Israel’s Securities Authority halted the offering of a capital-at-risk product by local broker Excellence-Nessuah days before it was due to launch, following full-page newspaper advertising for Banks Star, claiming, "Investing in banks in Israel is good. To earn a high interest rate from it is excellent."The Authority said the product – in particular its risk – was not properly represented: it may be called by another name, but it behaves like a structured deposit, it said, promising to broaden