Editor's letter
So there goes another of the UK’s structured products plan managers, which intermediate the creation and distribution of products. This time it’s Arc Capital and Income, which went into administration on October 26. Two weeks earlier, fellow plan manager NDFA and its cohort DRL suffered the same fate. And these shocks follow that of former competitor Keydata, which the UK Financial Services Authority (FSA) placed into bankruptcy just months earlier.
All of this is damaging to the structured
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