Column: Nigel Sillis
The structured products that were once viewed as the F1 cars of the financial world - complex, efficient, high-performance - are now looking more like exhibits from Wacky Races
Formula One racing is a triumph of speed over reliability. The cars are designed to travel 200 miles in the shortest possible time - and then fall apart. Okay, I know that rule changes mean that engines and gearboxes have to outlast one weekend's racing, but the principle remains: speed trumps reliability.
The teams develop (or steal from Ferrari) cutting-edge technology striving to establish competitive advantage. A technological arms race has led to developments that are now commonplace in mass
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