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.
Six Swiss Exchange opens Cosi listings to UK banks
The exchange will allow UK banks to issue products using its collateral secured investments (Cosi) service from the UK. Germany is also expected to be on the list to receive the extended service
HSBC voted best for retail structured products in Greenwich Associates survey
HSBC leads the Greenwich Associates survey rankings for retail structured product quality, while Barclays Capital has the best-known franchise among distributors and BNP Paribas retains top spot in Europe
Financial market shake-up in Spain triggers changes in retail structured product wrappers
Fiscal and regulatory reforms announced by the new Spanish government have led market participants to rethink wrappers and product maturities, with growth and fund-linked products likely to benefit
Chan and Bakshi step in as Lee leaves Deutsche’s Asia structured products team
Susan Chan and Neha Bakshi take over structured products structuring and sales at Deutsche Bank in Asia following Chris Lee's departure
Nasdaq proposes new rules to challenge NYSE ETP dominance
Nasdaq is attempting to be a more competitive player in the exchange-traded products market by proposing new listing rules based on those of the New York Stock Exchange
Lower interest rates to 'significantly impact' emerging markets currency debt performance
Amid a surge in demand for exposure to emerging markets currency debt from private investors, HSBC Private Bank prefers building structured products around Asian assets to emerging Europe
Shorter supply chains ease the effect of regulatory pressures on private banks
Shorter supply chains mean UK private banks will feel the effects of regulation less than retail banks
Hong Kong retail investors look to ELIs for their yield needs
Retail investors in Hong Kong are favouring equity-linked investments on the back of more stringent regulatory requirements for structured products. At the same time, the appetite for foreign exchange-linked products – most of which escape the new rules …
EFG Financial puts the accent on collateralisation
The Swiss connection
RBS retains structured products in restructure
Trimming the fat
The new normal: structurers learn to live with low interest rates
The low rates challenge
Macquarie may close structured products business in Europe
Macquarie is considering shutting its structured products and exotics business in Europe as a result of unfavourable market conditions. The alarm bells were sounded were last December, when Todd Steinberg, global head of structured products left the bank
Structured products linked to real assets and credit back on the menu in Italy
The Italian structured products market is seeing a pick-up as institutional investors demand exposure to physical assets and credit
Nordic region sees surge in demand for credit and commodity-linked products
Tough equity markets are driving increased demand for credit exposure and cross-asset baskets in the Nordic region, where a stronger risk appetite is in evidence
Sarfati to move on as Société Générale rings the changes
Arnaud Sarfati will leave SG CIB after the latest restructure, which sees the number of co-heads at the bank dramatically reduced
Investors turn to utilities, gold and dividends for stable returns as equities sink
Poor equity market performance is driving investors into alternative asset classes such as utilities, gold and dividends in the search for stable returns
Belgium's structured products moratorium hastens rise in private banking activity
Belgian banks are targeting private clients with structured products that do not comply with the Financial Services and Markets Authority's moratorium, say market participants
JVB Financial hires Tessar to help drive distribution expansion
John Tessar will add his 15 years' structured products experience to JVB Financial's expansion drive in North America
RBS cash equities exit could hike hedging costs
RBS will have to pay more to hedge vega from its equity derivatives business after losing offsets provided by cash, rivals say
UK FSA asked to broaden scope and improve clarity in retail product development and governance consultation
The deadline for responses to the Financial Services Authority's latest consultation on structured products fell yesterday, January 11. Responses have requested a broader scope and more clarity
People: Luc Francois leaves Morgan Stanley
People: Luc Francois leaves Morgan Stanley
Investec on the hunt for high-net-worth market
The big beast boutique
Risk Return Italia: slowdown in secondary bond market hits structured products
Out with the new, in with the old