United Kingdom (UK)
Market snapshot
Market snapshot
Fatca delay simply “smoke and mirrors”
Moves by US authorities to delay implementation of portions of Fatca provide little relief for institutions
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Lookback
Market snapshot
Market snapshot
The Structured Products IFA Survey 2012
The Structured Products IFA Survey 2012
Mandate watch: BNY Mellon and Citi lead the way in China
BNY Mellon and Citi pick up two key mandates in the important Chinese market
Ban on SPV-issued structured products will ‘prevent regulatory arbitrage'
A proposed ban on the promotion of Unregulated Collective Investment Schemes and ‘similar products', drafted by the UK's Financial Services Authority, will include some structured products issued by special purpose vehicles
Market snapshot
Market snapshot
Gilliat note provides choice of counterparty
A tale of two issuers
FVC custom indexes
FVC custom indexes
Capital-at-risk structured products receive highest proportion of successful complaints: UK
More complaints against structured capital-at-risk products were resolved in favour of UK consumers than for any other financial product investigated by the Financial Ombudsman Service last year
Fatca reciprocity agreement may cause delays, experts warn
US firms expected to push back on Fatca quid pro quo
Some clarity on UK’s EMR but questions remain
UK energy companies have received clarity on some sections of the government's Electricity Market Reform but questions remain for other areas.
US large exposures rule could stop banks trading with RBS
Federal Reserve proposals limiting counterparty risk could put RBS and the UK government in one pot – potentially forcing US banks to cut exposure to both
Trade of the month: the impact of RDR on structured products
Trade of the month: the impact of RDR on structured products
FVC custom indexes
FVC custom indexes
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Lookback
FSA requests responses on Ucis by June 27, leaving open the inclusion of delta 1 certificates
Banks must respond to the UK Financial Services Authority by Wednesday with feedback on new rules that will clamp down on the sale of unregulated collective investment schemes. Whether delta 1 products will be caught by the new rules is unclear
Fatca timeline in question with new Swiss-US deal
A new arrangement between the Swiss and US governments for Fatca compliance brings Fatca timelines into question, expert warns
Meteor hires Stuff to lead listed product distribution
David Stuff has joined Meteor Investment Solutions only weeks after leaving the UK structured products team at Royal Bank of Scotland
Cost pressures making online distribution attractive to UK structurers
Retail Distribution Review forcing structurers and distributors to consider greater use of online platforms for trading structured products
Morgan Stanley offers deferred kickout on the FTSE 100
Kickout choice
Five-year income linked to FTSE 100 and the Bank of England base rate
Benchmarks and base rates
Market snapshot
Market snapshot