​Daily Bulletin: Monday Jan. 5

The US equity markets started the first post-NYE week with declines across the major benchmarks, with the VIX also increasing 11.7% to finish trading around 19. Oil was the culprit, negatively affecting market sentiment and helping to pull the S&P 500 down 1.87% to about 2020.58. In Europe, structured product issuers could face increased costs in producing prospectuses under draft regulatory proposals from the European Securities and Markets Authority on prospectus-related issues under the Omnibus II directive. Furthermore, the increased time needed by regulators to review supplements to prospectuses may lead to issuers missing a window in the market. We also have news of Natixis’ latest hire in the US.