Structured credit's re-formation

The structured credit market has been blamed for much of the turmoil in credit and, by association, the wider global economy. But many market participants remain convinced that structured credit has a major role to play in the financial landscape of the future. Matthew Attwood looks at the lessons investors who remain in the market or intend to return to it should learn from the crisis

Criticism abounds as the financial system marks the first anniversary of what's come to be known as the "credit crunch". Rating agencies, banks, regulators and investors have all encountered blame and, in the case of the latter group in particular, much of the stress in credit could have been avoided if the principle of 'buyer beware' had been observed more diligently. It is understandable that such a calamitous period should be followed by a bout of finger-pointing, but if the structured market