Structured products
WHAT IS THIS? Structured products are investments that have multiple components. For retail investors, the most common form is a bond plus an option – these tend to be standardised, sold in small tickets and large volumes. Managing the risks of large structured products portfolios is one of the biggest challenges dealers face.
Brexit is a tragedy for EU financial services regulation
Loss of influence belies critical role UK played in crafting sensible financial rules
Deriving derivatives
Andrei Soklakov shows how to incorporate traditional investment ideas and clients’ views into structured product design
Sterling swap rate collapse hits structured deposits
Post-Brexit halving of five-year swap rate sees Hartmoor pull FTSE deposit plans
Why the Priips risk indicators hurt structured products
Risk ratings ignore soft barrier protection and make differentiation difficult
FVC analysis: stress testing worst-of autocalls
Dual- or triple-index products offer higher potential gains but carry increased risk
Basel arbitrage warning leaves dealers guessing
Banks told to avoid trades that offset regulatory adjustments, but details are thin
Structured products' unseen enemy
Relentless focus on Priips compliance leaves industry vulnerable to hidden threats
UK law sparks bonfire of ‘unfair’ structured product terms
Obscure provisions in UK Consumer Rights Act could threaten issuance programmes
Volatility traders wrestle with digital risk of Brexit
Skew on major indexes leaps after market wakes up to risks of UK's referendum
Tech pioneers stay ahead of the pack
Sponsored Q&A: Altura Markets
Banks remodel issuance structures to combat TLAC
New subsidiaries set to dodge structured note issuance limitations
Asian private bank clients switch to rate structures
Stock market falls steer clients away from traditional equity focus
People: Citi names new global equities co-heads
Guenther rejoins BNP Paribas from Mercuria; Lacour takes helm at HSBC
SEC lawyer: corporate negligence charge a game-changer
UBS V10 case highlights ability to levy charge on firm rather than individuals
Structured Products Americas Awards 2016: the winners
Credit Suisse wins top prize, while JP Morgan scoops three awards
Structured Products Asia Awards 2016: call for entries
Take a look at the categories and find out how to enter this year’s awards
Structured products liquidity under threat from EU reforms
New regulation could shut down secondary markets in outstanding products
US exchanges will be caught in Priips dragnet, lawyers warn
Futures and options sales to EU retail clients will need key information documents
Banks fear huge losses on bond repacks in Japan
Dealers and investors face multi-million-dollar hits if rates continue to slide
Digital disruptors: The digitalisation of Asian structured products
Sponsored feature: Leonteq
Priips performance scenario rules under fire
New rules needlessly confusing, say distributors
FVC analysis: stress testing defensive autocalls
Step-down features compress yields but increase chances of early payout
US fiduciary duty rules: a Labored delivery
Seismic changes rattle the market, but structured products could stand to gain
South Africa structured product boom raises concerns
Issuance gallops ahead amid higher rates and weak rand, but some are wary