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.
People: Morgan Stanley and Goldman make equity derivatives hires
UBS bolsters New York equities desk, among other moves in June
FVC review: Investec launches worst-of dual-index note
Product will pay 5.95% annually if FTSE 100 or Euro Stoxx 50 are above 65% barrier on coupon date
Narrow range of index products stifles investor choice
Lack of liquid options on European mid-cap benchmarks leaves investors stuck with the blue chips
Deadlock on structured product risk ratings frustrates issuers
Technical discussion paper on Priips-KID risk indicators leaves firms uncertain about final methodology
Q&A: Belgian watchdog on Mifid, Priips, war on complexity
Belgian markets watchdog defends its curbs on one of world’s structured products capitals
EU regulators clash over structured products risk ratings
Months-long delay to discussion paper said to owe to squabbles between national regulators
Belgian regulator defends structured products moratorium
Watchdog claims complex products sale ban winning plaudits as soft-hands approach
FVC review: Investec’s low-vol equity growth product
Issuer's Even 30 index pitched as low-volatility alternative to FTSE 100
Photo gallery: Structured Products Americas Awards 2015
A selection of free-to-view photos from this year's event
People: BAML and Citi step up equity derivatives hiring
Roos to head equity sales and prime finance at Citi, and other moves
Smart beta versus structured products: the investor’s conundrum
Many investors favour one approach over the other, belying their similar aims
US regulators crack down on complex annuities sales
State watchdogs issue warnings as insurers turn to proprietary index products
Dealers fear reporting clash under SFT regulation
Securities Financing Transactions Regulation could conflict with Emir reporting rules
Risk España Rankings 2015
Steady as she goes
European structured product issuers fear TLAC funding hit
Banks face loss of attractive source of dollar funding
SEC warns structured note issuers over proprietary indexes
Head of Office of Capital Markets Trends calls on issuers to examine sales practices
Could TLAC kill the structured notes business?
FSB proposals exclude structured notes from banks’ bail-in debt buffers
FVC review: Deutsche Bank launches dual-directional Euro Stoxx 50 play
18-month product offers investors gains if index rises or falls modestly
FVC retrospective: Goldman’s Euro Stoxx 50 note returns 143%
Total return would have beaten cash holdings or index trackers
Institutional structurer of the year: JP Morgan
Bank moved early to meet institutional demand for smart beta allocations
FVC retrospective: UniCredit’s reverse convertible on Deutsche Bank stock matures
Product offered a fixed coupon of 4.75% and sizeable downside protection
Editorial: piecing together the smart beta puzzle
Growth in strategies such as momentum is predicted to slow – but we aren't there yet
Structured Products Asia Awards 2015: call for entries
Find out how your firm can enter this year’s awards
A closer look at momentum-driven smart beta strategies
Investors seeking returns from momentum strategies should know what’s under the hood